EURUSD Bounces From 1.1110: Can It Retest 1.1250? – 29…
By Karthik Subramanian
AI summary of the source article
The EURUSD currency pair reversed upward from the 1.1110 support zone and the lower daily Bollinger Band. Following the formation of a daily Bullish Doji pattern, the pair is expected to rise toward the 1.1250 resistance level.
Key facts
- EURUSD reversed up from a support zone between 1.1110 and the lower daily Bollinger Band.
- The upward reversal formed a daily Bullish Doji candlestick pattern.
- The pair is expected to rise toward the next resistance level at 1.1250.
Source excerpt · FinanceFeeds
EURUSD currency pair can be expected to rise further toward the next resistance level 1.1250 (which stopped the previous correction 2 last week). EURUSD reversed from support zone Likely to rise to resistance level 1.1250 EURUSD currency pair recently reversed up from the support zone between the support level 1.1110 (low of the previous impulse wave 1 from the middle of October, as can be seen fr…