RLinda

EURUSD ! False breakdown of resistance on a downtrend

Short
RLinda Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD is forming a side range between the levels of 1.09265 and 1.0821. The price by distributive movement has reached resistance and the price is stopped. Downtrend resistance plays a rather serious role

The instrument has reached the level, having worked out the entire daily power reserve, and a false breakdown has been formed. The price is consolidating below the level.
I assume a pullback of EURUSD from resistance 1.09265, as a false breakdown was made. I think we can see a pullback to the nearest support at 1.082

Sincerely, R. Linda!
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