Traders, we check the Euro-Dollar currency pair in a 1-hour time frame.
It is currently on a supply zone, which if you check in smaller time frames, you can see how well it reacted to this range.
This area can be a good place to enter sales positions.
In the whole these few days, there has been an upward trend in the form of a channel, and the channel itself, by breaking down, can be a confirmation of the possibility of the price falling to our possible target.
It is currently on a supply zone, which if you check in smaller time frames, you can see how well it reacted to this range.
This area can be a good place to enter sales positions.
In the whole these few days, there has been an upward trend in the form of a channel, and the channel itself, by breaking down, can be a confirmation of the possibility of the price falling to our possible target.
TP 1 = 1.07750
TP 2= 1.07379