EURUSD: ⬆️ Buy
– EURUSD reversed from key support level 1.1120
– Likely to rise to resistance level 1.1270
EURUSD currency pair recently reversed up from the support zone between the key support level 1.1120 (lower border of the sideways price range from the start of October, which stopped wave (1) in the middle of October and wave B at the end of October) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous short-term downward impulse from the top of wave (2) earlier this month.
Given the strength of the support level 1.1120 and the bearish US dollar sentiment seen today, EURUSD currency pair can be expected to rise further toward the next resistance level 1.1270 – upper border of the active sideways price range, which stopped wave (2) earlier this month.
 in the middle of October and wave B at the end of October) and the lower daily Bollinger Band.){kind=link}