Lingrid | EURUSD continues FALLING from RESISTANCE

The price of EURUSD pulled back into the range zone after resistance rejection. Even though it did touch the lower lows, it formed higher lows. I think the market will move sideways today because we had a good trending week. However, if the price retests the resistance and rejects it by forming a long-tailed bar, then we might see a further downward move or test the support level because the price already made an impulse leg down from this level before. My target is the support level at 1.06315 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 👩‍💻

Trade closed: target reached:

EURUSD hit the target