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Bearish Momentum Below 1.0772, Bullish Potential Above 1.0865
Euro / U.S. Dollar
Bearish Momentum Below 1.0772, Bullish Potential Above 1.0865
By SroshMayi
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Oct 25
2
Oct 25
Key Pivot at 1.0830 Guides the Next Move with Support at 1.0680 and Resistance at 1.0915
Bearish: If the price remains below 1.0772, it suggests a continuation of the downtrend towards the support at 1.0680.
Bullish: A break and a sustained move above 1.0865 could signal a bullish till 1.0915 and above it will touch 1.1005, shifting the momentum upwards
Key Levels:
Pivot Line: 1.0830
Support Lines: 1.0770, 1.0680, 1.0618
Resistance Lines: 1.0915, 1.1000, 1.1082
Trend Outlook:
Bearish under 1.0772
Bullish by stability above 1.0865
previous idea:
Supply and Demand
Support and Resistance
Trend Analysis
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