EURUSD - Nearing a Make or Break Situation
We analysed EURUSD few days back and it was highlighting a Bearish move. This move was completed and resulted in a reversal. However the price now sits close to Bearish Trendline so a Break or Rejection of this trendline is expected. We currently have double top formed and if the above resistance is repected, we should see price declining to lower levels.
Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Note
Update:
Note
Bearish move to lower level completed.
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