💡 EURUSD: Forecast December 26
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EURUSD has breached the 1.10 level, but we cannot yet consider this a breakout because selling pressure has also reappeared, shown by a notable Doji pattern on the daily frame. You temporarily stop trading, pay attention to the tops and bottoms of this model. If it breaks to the bottom, it will likely create a peak in the short term, and the reversal traders can consider returning. In case the price breaks the top of the pattern, meaning it has been invalidated and confirmed the breakout, then trend followers can consider entering an order and targeting the upper border of the rising price channel.
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