WinkyTwinki

EURUSD stop hunt above 1.1069

FX:EURUSD   Euro / U.S. Dollar
85 2 3
EU was supported multiple times in previous weeks by 1994 low at 1.1069. When price broke below this line, it was seen as support-turned-resistance. This big move was likely due to huge amount of stops being placed just above this line and got taken out. Now next H4 and daily close would be important to set the short-term trend. Closing above 1.1069 would be bullish and below this would be bearish .
Now that it has closed above 1.1069, be prepared for a retest of this level and look for long for the next leg higher.
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Updated chart to reflect month/week/day range better:
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