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Taking a close look, the EUR/USD pair is at a point of much consolidation.
Because within the monthly chart it follows a triangle at the top base. In the Weekly chart, it follows within a support region that has been respected for a year. And on the daily chart it is within a bearish channel with many false breakouts. In short... Trend traders are suffering right now!
Because within the monthly chart it follows a triangle at the top base. In the Weekly chart, it follows within a support region that has been respected for a year. And on the daily chart it is within a bearish channel with many false breakouts. In short... Trend traders are suffering right now!
any sign of bearish trend ?
Right now if H1 candle close bullish then we are up to 1.2021 tp1
khorsandi
rsi in overbougt position
rsi in overbougt zone
let see if the 2 year old resiistance hold or break ? bounce ?