EURUSD price action on the daily time frame is in a bearish technical structure. However, after the bearish breakdown of the1.06000 horizontal support (blue), there was a bullish pullback. But bulls lost the technical impetus on Friday, leading to the printing of a bearish pinbar just below the 1.06000 area. A successful bearish follow-through this week would target 1.03840, which is the next area of value.
I may be wrong. Trade safe and prosper.
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Do your homework, follow the footprints of smart money
Joined Mar 2008
Status: Name real with real own way
good bounce lately , now watching for short signal . may more than minimum correction possible 0549 towards 0516 possible , but take care as bounce further , may not too high though ! earliest breakout , next good may 0578 , signal 0575
well done limit test 0571. waiting it beaks for low test and break if
update : bo 0560 and hold may for targets low 1 0530 , 2nd 0501 . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++