The EURUSD was indecisive yesterday. On h1 chart we can see that price is now making a minor bullish channel indicating potential upside correction, which is normal after significant drop below 1.2000 area and the fact that price already in oversold area, but the main scenario remains to the downside. Immediate resistance at 1.2000 – 1.2050 area. Consistent move above that area could trigger further upside recovery testing 1.2150 region. On the downside, we need a clear break below the minor bullish channel to continue the bearish scenario testing 1.1800 before targeting 1.1600 this week.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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FUBAR...
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Being right is one, taking it from the table is two.
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FUBAR...
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Being right is one, taking it from the table is two.
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Being right is one, taking it from the table is two.
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Don't be a hero. Don't have an ego. Always question yourself
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FUBAR...
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Not understand?better not follow my analyses!doubt clearer first, risks ++