The EURUSD has rejected the 1.1900-1.1920 zone at least 4 times in the past 2 months giving us the opportunity to sell at the top of the range whilst the DXY is bottoming around the 92.20 mark.
We are not forecasting a strong US Dollar in the immediate future, but technically speaking we’re seeing an exhaustion of the bearish pressure we’ve had since March-April.
The last time the Euro traded at these levels against the US Dollar was back in May 2018 when the EURO started its downfall of -15% against the USD going from the highs around 1.26 in January 2018 to the lows around 1.06 in March 2020.
This is a big zone and it weighs heavy on the EURO. We anticipate a dip to at least the bottom of the range. This move would be triggered by a USD recovery rally to previous lows.
Do you want to get our exact entry and targets? Subscribe to our VIP group today!
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
