EUR/USD Analysis – 14.Mar.2024
EUR/USD Analysis: By examining the EURUSD chart in the 30-minute time frame, we can see that today, after the strengthening of the dollar index, this symbol was accompanied by a heavy fall, and with a fall of 60 pips, it was able to correct up to 1.08830 and enter this level of demand! The initial expectation is a positive reaction to this level, and then by entering the supply range of Bearish BB in the range of 1.09020 to 1.09150, we can look for another trigger for the SELL position, or with the break of the 1.088 support, we can go with the SELL position again, which of course is more risky. This type of position has high risk because it is in the discount range and it is not very suitable for the SELL position! However, I wanted to share all the scenarios with you!
(this post on tradingview)
Author : Arman Shaban
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