If we take a look at the higher timeframe charts of EUR/USD, we can clearly observe that the price has reached a crucial level of resistance, which is the area of the previous Lower Low. Taking a look at lower timeframe charts, we can notice that the price is stuck in a sideways moving range. We will patiently monitor the price action and wait for the price to break+retest one of the boundaries of the range, before we open a position for this pair
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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.