Lingrid | EURUSD test of the WEEKLY Lows

The price made the impulse leg fall downward, breaking the strong support level. The market broke through the upward channel and closed below. The resistance zone is a previous-week low, and if it pulls back that resistance zone and rejects it, then the market may continue moving further downward because the price bounced off the upper border of it before. My goal is the previous support level at 1.07160 from the resistance zone.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻