Dear traders!
On the price chart EURUSD broke the classic bearish wedge structure and reached 1.0867 below the key resistance zone at 1.0900. However, the very strong uptrend seems to be well supported by the 2 EMA 34.89 on almost every time frame and above the key breakout area at 1.0800 which the bulls are holding on to with the aim of strengthening. furthermore. So there is nothing to worry about as the latest pullback is a technical correction and not the beginning of a reversal. Personally, I still maintain strong faith in the uptrend next week, the possibility that the market will retest liquidity to accumulate followed by a bounce towards an important stop at least at 1.1000 . And you? What do you think about EURUSD?
On the price chart EURUSD broke the classic bearish wedge structure and reached 1.0867 below the key resistance zone at 1.0900. However, the very strong uptrend seems to be well supported by the 2 EMA 34.89 on almost every time frame and above the key breakout area at 1.0800 which the bulls are holding on to with the aim of strengthening. furthermore. So there is nothing to worry about as the latest pullback is a technical correction and not the beginning of a reversal. Personally, I still maintain strong faith in the uptrend next week, the possibility that the market will retest liquidity to accumulate followed by a bounce towards an important stop at least at 1.1000 . And you? What do you think about EURUSD?
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