DeGRAM

DeGRAM | EURUSD false break

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD is consolidating following the channel breakout.

Price action double-topped before rebounding off the resistance level, then it created a false break that means bulls did not have enough strength to hold the price above the level.

The market is coiling up before expansion, so we expect further consolidation until a new trend is confirmed.



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