EURUSD is facing resistance at the 1.035 EMA. It is difficult to break this zone quickly. The pair may retest the 1.027 and 1.022 price zones to break the EMA zone to form an uptrend again. When still trading below the 34 and 89 EMA, the pair is still in a downtrend and prioritizes SELL signals.
Trade active
EUR/USD bounces as market pressures abateEUR/USD lurched higher by eight-tenths of one percent on Tuesday, regaining lost ground but failing to recapture the 1.0400 handle. Fiber has snapped a six-day losing streak, but overall bullish momentum remains thin with the Euro at the mercy of overall market flows and looming US NFP figures.
Trade closed: target reached
resistance 1.043 + 60 pips Hit TP 1
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