Hey team,
Just a quick update how price has ended the week around EUR/USD daily support.
Click the link in the first paragraph or just quickly check out the quoted daily chart from that blog below:
EUR/USD Daily:
You can see the daily support zone I'm talking about pretty clearly.
After the bulls pushed price up through the zone, price had retested it twice before we were saying it looked vulnerable.
Now look at the updated EUR/USD daily chart below:
EUR/USD Daily:
Boing!
Yep, there's another dip into and subsequent bounce out of the same daily support zone.
Support really is support until it's not.
Monday's open is going to be an interesting one.
Best of probabilities to you,
Dane.
FOREX BROKR | LeoFinance Blog
Daily market analysis.