EURUSD: Important Structure Breakout Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Mar 26, 2024 2:17 AM

The EURUSD pair has broken and closed below an important daily support level, which has now become a significant resistance level.

The market is currently testing this level, and I anticipate a bearish movement towards 1.0800.

Comments

ICmarkets

⋅ Mar 26, 2024 8:00 AM

The identified sell zone seems robust, with the price showing consistent respect in the past. Watching closely as the price nears this level to gauge its reaction. Good luck!