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Euro / U.S. Dollar

EURUSD further bear movements

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After the price broke out the support line of this bearish channel, the price moved back up to test the broken support which is not acting as a resistance. The failed retest of the broken support had shown that the line is now acting as a resistance level. It now looks like the price is going to be making more bearish moves.
JohnnyPurtoy98
Also on:
Bearish PatternsbreakoutChart PatternsEURUSDTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bearish PatternsbreakoutChart PatternsEURUSDTechnical IndicatorsTrend Analysis
JohnnyPurtoy98
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.