EUR/USD recently has failed to keep gains above 1.22.
CURRENT PRICE ACTION: Bulls are rushing psychological hurdle of 1.22 for the third consecutive day. If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE: Very simple targets of previous highs. Target 1 1.22147 Target 2 1.22535
LEVELS TO WATCH Price consoliation or volatility above 1.22147 can trigger a bull trap.
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DAILY ASCENDING TRENDLINE
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BREAK BELOW TRENDLINE INVALIDATES THE TRADE
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🤓 TRADE MANAGEMENT DAY TRADE: 🎯 TARGET 1 hit - position size halved Stops moved to entry for no risk on the next leg. TREND TRADE: 🚀 Daily Chart still holding the ascending trend line
Eu will continue to develop the union, and as they no longer have to heed British objections, new laws and conditions will be introduced that are primarily intended to serve the interests of its members. The British will have to submit, without the opportunity or influence them.
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@MinsaFX, 🔨 You hit the nail on the head. The free trade agreement means UK have to follow EU standards on products UK is exporting to the EU. Norway have the same agreement and they constantly have to adapt to EU regulations.