1.120 The Line In The Sand For EURUSD?

An interesting symetical pattern is forming on the EURUSD.

1.120 the line in the sand for euro

1.120 the line in the sand for euro

  • The 1.120 level has provided support and resistance recently; we may get some play around this level.
  • There is potentially a right shoulder and symmetry if resitance can hold price a this level. This may attract the shorts.
  • If this level fails, the bulls may have the ball to the next supply zone at about 1.1275 and then 1.1375

What Does The Crowd Think

Out sentiment index is demonstrating a slighly bullish consensus amoungst our players.

Spark Profit players are net long this market

Spark Profit players are net long this market

No Risk With SparkProfit

Which ever way you think EURUSD is going to go, you can play it risk free with SparkProfit.

Please note our disclaimer on all of this.

 

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