eurusd has broke outside the bearish channel and the retest already happend. In my opinion we have 2 scenerio's.
1. Price stays above 1.07937 support zone and seeks higher levels. 1.0888 already tested so expecting it to break above toward 1.0930.
2. if price breaks below 1.0787 we can expect a downwards movement again.
Resitance: 1.0833, 1.0860, 1.0888
Support: 1.0787, 1.0755
1. Price stays above 1.07937 support zone and seeks higher levels. 1.0888 already tested so expecting it to break above toward 1.0930.
2. if price breaks below 1.0787 we can expect a downwards movement again.
Resitance: 1.0833, 1.0860, 1.0888
Support: 1.0787, 1.0755
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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.