Lingrid

Lingrid | EURUSD divergence at the SUPPORT Level. LONG

Long
Lingrid Updated   
FX:EURUSD   Euro / U.S. Dollar
The price perfectly fulfilled my previous idea. It hit the target zone. The price has reached the support level and has struggled to extend its downward movement. Notably, EURUSD formed an equal low, indicating that the bears may be exhausting their strength. Instead, the market formed a double bottom pattern with a divergence at the support level, which is a classic sign of reversal. The market has rebounded from this support zone before, and it's possible that it may do so again. With the momentum building up before the pullback, there's a possibility that the price action could form a range zone. Overall, I expect the market to retest the resistance level. My goal is the resistance zone around 1.07627


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Trade closed: target reached

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.