Eurusd supported at 1.1590$

The pair has reversed sharply from 1.1740$ to 1.1580$ . The pair is showing some strength at this area.

The pair is firm and trading at 1.1614$ currently with next resistance at 1.1640$ area.

So keep in mind those levels 1.1580$ and 1.1640$ acting as support and resistance respectively.

Below 1.1580$ , the pair would be extremely bearish while bullish above 1.1640$ area.

I recommend not taking any position now and waiting for the pair to trade at any of those areas and initiate a long or short position near the support and resistance respectively.

Remember , Dont rush into trading , wait for a good opportunity and maintain a stop loss and risk reward ratio.

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Usd recovering against the board

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30¥ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80¥ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80¥. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115¥ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106¥ on daily or weekly close.

archer aviation : Achr buy at 3$?

$achr weekly chart Trading at 50 and 100 WMA

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