EURUSD – Falls Lower From Intra-day Resistance (1h chart)
Yesterday in the members commentary we talked about selling from resistance, either at the 1.1972 or 1.2045 area short term. As you can see from the chart below, the market pulled really close to that intra-day resistance level within a few pips and then dropped over 115 pips.
Short term we are in a corrective phase and range between 1.1970 and 1.1860, so short term play the range, while look to sell from weak rallies into resistance, including the aforementioned.
Downside targets remain the same from yesterday’s commentary.
Also in our members trade setups commentary today, we cover the GBPUSD, USDCAD, Nikkei & WTI. Click here to become a member.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.