hey guys,
I have noticed that many traders are looking for a bullish trend continuation trade
and looking for a continuation from current structure support 1.112.
Though it is indeed an important level of structure to consider,
I am very skeptical about buying the market from this level.
Focusing on a rising channel that the pair was trading within for quite a while,
it looks like after a fake bullish breakout of it, EURUSD is again trading inside.
For this reason, there is a high chance to see a bearish continuation to a support line of a channel
and for us, it is better to look for a long trade there.
your safest zone to buy will be
1.108 - 1.106
please, support the idea with like and leave a comment, thanks!)
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