Good morning traders,
At the London Open EURUSD is sitting right at support line, starting from an intraday low of 1.2270. There was a fake (?) move to the upside, that was quickly covered. We need below 1.2280 area to confirm the downtrend.
On my one minute chart, there's a cross of two yet-to-become support lines in 65 area. That could be the immediate target on EURUSD. What's your targets?
EUR went a few pips lower bottoming at round number 1.2260.
At the moment I have 75 and 80 as resistance lines. The crucial level to the upside for me is 1.2289.
I've closed my sell at 46. The explanation is red line on the chart. +40 pips in less than 30 min, btw :)
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