EUR_USD is trading back in the channel, facing mid-channel resistance!
There are essentially two scenarios:
(1) Bounce from the resistance> short>SL above the spike>TP support
(2) Momentum breakout>retracement> upward push
All that depends on whether the pair still got any steam left...
So far it aint been going much anywhere...
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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.