EURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish
TA on the high timeframe:
TA on the low timeframe:
Key support📉: 1.0490
Key resistance📈: 1.0560, 1.05900
TA on the high timeframe:
- False breakout of resistance. If the price returns beyond 1.0536 a strong rebound will be formed
- The liquidity area interesting for the market appears - 1.06000
TA on the low timeframe:
- False breakout will form an imulse.
- A correction back to support may be formed, which will form an entry point
- Buy entry point could be 1.0490, 1.0499.
Key support📉: 1.0490
Key resistance📈: 1.0560, 1.05900
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