AlgoVenture

EURUSD: Awaiting Rebound from Bottom of Range

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FX:EURUSD   欧元/美元
We have been expecting the 2nd wave of bullish trend since the price climbed from a 2-Year low around 1.1120.
However, the price has fallen into a major range for the past 2 weeks.
EURUSD ranged further after it failed to break new high and it is about to retest the bottom of the range.
Look for buy opportunity near the bottom of the range at demand zone 1.1170.
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