The market reached the resistance zone and then pulled back.
EURUSD
is testing the channel boundary, and I think the price might break through it because we had big sell pressure. Price action broke Tuesday and Wednesday's lows. This suggests that the price may bounce off the support and form a retracement. I expect a potential breakout of the channel because of the shift in the trend. I expect a rejection of the resistance, signaling bearish dominance, and then sell the market if the signal presents itself. My goal is to support 1.07900
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad π©βπ»
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad π©βπ»
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