EURUSD is currently moving down toward the support level, influenced by a day filled with high-impact news on the EUR. If we take a closer look, we can see that the price action is in a consolidation zone near the resistance. It seems likely that the market will retest the previous weekly low and potentially move below the equal lows. However, since the overall trend remains bullish on the daily timeframe, I believe that if we see a rejection signal at the support level and the downward trendline, we can anticipate a potential move higher. My target is resistance zone at 1.11360Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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💰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.