Let's see where will price breakout on EURUSD
The key levels from yesterday, are still valid. We need to see a clear breakout so we can look for an entry opportunity.
A drop below 1,1853 will most likely mean a trend reversal on the hourly chart and a sell signal.
We can also look for a break and retest of that level to give us the right entry moment.
If market goes above 1,1909 that will confirm the uptrend and we would expect a continuation.
Right now is quite risky to choose a direction and to enter any trades.
We'd rather wait for a confirmation.
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A drop below 1,1853 will most likely mean a trend reversal on the hourly chart and a sell signal.
We can also look for a break and retest of that level to give us the right entry moment.
If market goes above 1,1909 that will confirm the uptrend and we would expect a continuation.
Right now is quite risky to choose a direction and to enter any trades.
We'd rather wait for a confirmation.
Support our daily analysis by giving us a like and also leave a comment!
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
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.