Since Monday, the market has slowed down. We have only had 50 pip moves since then. The price formed quite bearish bars on the daily timeframe. Also, there are two candles with long tails, which is a sign of the level rejection.
EURUSD
broke and closed below the small range zone; it broke through the support level at 1.07500 after attempting to break the resistance. Today we have upcoming news that potentially can move the market, and I think it will go down to test the previous weekly open, and possibly the market will seek liquidity below it. My goal is to support around 1.06900
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad π©βπ»
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad π©βπ»
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