The important breakout happened only this week when the $EURUSD finally broke out of its down and the strong resistance it had near 1.1 (the zone I constantly mentioned in my newsletters and posts).
By the strength of the breakout, you can see how crucial it was and how things have changed now and $EURUSD is probably heading towards a mid-term correction move.
Near 1.13-1.14 $EURUSD will complete two - and . (red and blue in the chart)
This could be the extended target zone for those who are holding a position in $EURUSD (like me) and a potential sell zone for those who seek opportunities.
It doesn't mean that $EURUSD can't have a pullback on its way to the patterns PRZ, but even if it does, I will probably hold my bias as long as it stays above 1.1
1.14 is also an important daily structure zone and if you'll zoom out to the , you will be able to see that the 200 line is also inside that sell zone, which makes it a zone to pay attention to.. whether you are a bull or a bear.
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