There are two scenarios for the movement of the EURUSD.
If closed in the 1H time frame below the price range of 1.1870 and 1.1867, it goes to have bearish and the price range is 1.1820 - 1.1810. (Yellow channel)
And if it fails to break the support of 1.1870, it will continue to a bullish trend in the new channel ( blue channel )
If closed in the 1H time frame below the price range of 1.1870 and 1.1867, it goes to have bearish and the price range is 1.1820 - 1.1810. (Yellow channel)
And if it fails to break the support of 1.1870, it will continue to a bullish trend in the new channel ( blue channel )
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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.