EURUSD bounces off swing space assist and strikes to a 50% retracement space.

Abstract of the video outlining the tech

• 📈 Swing Space Help and Purchaser ConfidenceThe EUR/USD bounced off a essential swing space assist, marked by earlier highs and lows, signaling robust purchaser curiosity. That space comes between 1.0332 to 1.0343.

• 📊 50% Retracement Space in FocusThe pair prolonged greater reached a 50% retracement of its current downtrend, coinciding with each hourly and each day charts, including significance to this technical degree. These ranges come at 1.04028 and 1.04053.

• 🛑 Resistance and Vendor StrengthSellers displayed resistance close to 1.04028-1.04053, inflicting a value pause and potential reversal alternatives.

• 🔎 Key Observations for TradersBuyers ought to monitor if the worth space holds above 50% retracement for a bullish continuation, whereas sellers can capitalize on resistance at present ranges.

This text was written by Emma Wang at www.ubaidahsan.com.



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