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EUR/USD moving towards support area

This is a quick follow-up to my last post about the strong move we've seen post-ECB last week. As expected the Euro is now pulling back, coming close towards a possible strong support area.

So you might want to keep an eye on this market around 1.0975-1.1050 for a short- to medium term bounce.

PS: As a systematic trader I won't take a trade based on my opinion and a few lines in a chart. But I wouldn't be too unhappy to get a buy signal for tomorrow from one of my systems ;) 



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Saturday, 24 October 2020

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