FX.co ★ berta.hill | EUR/USD

During yesterday's decline on the EUR/USD pair, sellers once again managed to push the price down to the important support level at 1.1918. However, they failed to break through it decisively, despite relatively high volumes passing through this level during the test. This lack of further decline appears as weakness on the bears' part. There are too many buy limit orders accumulated around the 1.1918 level, making it difficult to break through them easily. Therefore, my priority is buying. Today, I will be waiting for a rebound from the support level at 1.1918 on the EUR/USD pair and a resumption of growth towards the nearest calculated resistance level at 1.2000, with a possible breakout above it.