Lingrid | EURUSD shift in the TREND. Downward MOMENTUM continues

17 Haz 2024

The price perfectly fulfilled my last idea. It literally tanked hit the target zone. EURUSD is currently forming a double bottom pattern after its recent channel breakout. On the 1H timeframe, the market has been trading sideways since the Asian session, suggesting a potential pause in the bearish momentum. Given that the markets often consolidate after significant moves, I expect the EUR to continue moving sideways for now. However, if the price pulls back to the resistance zone around 1.07400-1.07600, I anticipate a bearish trend continuation from this level. My goal is the support level of around 1.06600

Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

21 Haz 2024

İşlem kapandı: hedefe ulaştı

The market has reached target area