EURUSD decelerated after breaking out of the consolidation zone, taking the entire week to retest the support level at 1.09000. A divergence has formed on the 4H chart at this support level. Typically, the market tends to move sideways following a strong momentum, and we may see this pattern this week. Currently, the price action has created an inside bar pattern, indicating that the market is trading within Thursday's range. We are at a level where the market has surged previously. I believe that if the price rejects the support level and the downward trendline, the market may move higher, especially considering that the 
DXY is also at a resistance zone where it has previously tanked. My goal is resistance zone around 1.10050Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.