MMBTtrader

EURUSD daily low break more fall or fake breakout ?

Long
FX:EURUSD   Euro / U.S. Dollar
As we can see price is below the daily low and this is not a good sign for bulls so we can expect more dump and heavy fall here to the downside.

But if the price respects the last support zone that is the blue support zone and after that goes above the daily low again then we had a fake breakout and so many stop-loss hits and soon after that, we can expect a heavy pump.

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