The price perfectly fulfilled my last idea. It played out nicely; it fell from resistance and hit the targeted level. On the 4H chart, EURUSD has bounced off the resistance level, forming an impulsive movement. However, on the daily chart, the market has formed a large bearish candle, indicating a bearish momentum. I think it's likely that the price will pull back to the resistance zone and then continue its downward move before the major news release. If the price does pull back against the main trend, it's likely that the market will continue to move downward, as this would be a classic example of a bearish correction then trend continuation. My goal is the support level of around 1.06800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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