Here's my take on the EURUSD, from the technical perspective of a swing trader.
On the weekly time frame, last week, market operation broke below an area, the 1.10210 area, which saw consolidation for two weeks with a relatively big bearish candlestick print; and we can expect a further bearish move to target the next horizontal support zone, which is around 1.08780/1.07910 (bound by purple horizontal lines).
Recent candlestick prints on the daily time frame and market structure favour a bearish continuation. The 1.08780 area is the next horizontal support.
I may be wrong. Trade safe and prosper.
KP
On the weekly time frame, last week, market operation broke below an area, the 1.10210 area, which saw consolidation for two weeks with a relatively big bearish candlestick print; and we can expect a further bearish move to target the next horizontal support zone, which is around 1.08780/1.07910 (bound by purple horizontal lines).
Recent candlestick prints on the daily time frame and market structure favour a bearish continuation. The 1.08780 area is the next horizontal support.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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