The market broke through the round number at 1.1000 following the negative NFP for 
EURUSD . This breakout also resulted in the price falling below the September low, and there is a possibility it may retest the next round number at 1.0900. Examining the weekly candle, it's clear that the market has gained bearish momentum. Furthermore, if we zoom out, we can observe that historically, the price has bounced off this level multiple times. If we get a rejection at this resistance zone again, it could signal the potential for further bearish movement in the market. Overall, there seems to be a bearish outlook as long as the price remains below the 1.1000 level. My target is support level at 1.09050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURUSD . This breakout also resulted in the price falling below the September low, and there is a possibility it may retest the next round number at 1.0900. Examining the weekly candle, it's clear that the market has gained bearish momentum. Furthermore, if we zoom out, we can observe that historically, the price has bounced off this level multiple times. If we get a rejection at this resistance zone again, it could signal the potential for further bearish movement in the market. Overall, there seems to be a bearish outlook as long as the price remains below the 1.1000 level. My target is support level at 1.09050Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
Nicely delivered
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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
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.