EURUSD DAILY UPDATE

Hi all

After the release of positive statistics for the CPI, we saw a rejection at the previous high on the H4 resistance level 1.07897 yesterday. In the daily chart, price rejection occurred several times prior to the level's 1.06952 breakout.
Therefore, I will partially close at the support level of 1.06610. A break through the level of 1.06609 could terminate the upward HL and confirm the LH.If the 1.06609 level is broken, I see a drop to 1.06107.

My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.

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Comment:

testing a strong support... will it break?

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Updates on the EURUSD: As I mentioned in the previous chart, the EURUSD is attempting to break through a very strong daily support. If price manages to do so, it is possible that the EURUSD will attempt to break through a previous fakeout at 1.05403.

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will the FOMC meeting lead the euro to fall even further?

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After a long downward trend, I expect a pullback to complete the structure before continue short again

Thanks a lot for your support.

Comment:

waiting for price action