Eurusd downtrend

avatar
· Views 525
Eurusd downtrend
The market is ranging at the resistance. The price is testing strong resistance zone after impulse leg and channel breakout. The market is ranging on the 4H timeframe as well. I think the market will test support if price forms a fake break or fake break of the range zone. I expect fake break bar at the resistance zone and upward trendline, then a fall towards support level . My target is support at 1.06680.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Like this article? Show your appreciation by sending a tip to the author.
Reply 0

Leave Your Message Now

  • tradingContest