Lingrid | EURUSD Correction and Continuation from the RESISTANCE

Lingrid Updated   
FX:EURUSD   Euro / U.S. Dollar
The price perfectly fulfilled my last idea. It hit the target zone. EURUSD is forming a complex pullback towards the resistance zone after breaking out of the range zone. The market made a correction against the current bearish trend. Today we don't have high-impact news, so I think it might continue moving sideways. If the market rejects the resistance zone at 1.08100–1.08200, we can expect a rebound from it. My goal is the support level of around 1.07245

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The market bounced off the resistance zone and formed an impulse leg. EURUSD is ranging after the bearish move on the 4H timeframe. We have high-impact news today, CPI. Basically, the market can go in any direction. However, price action may form a pennant pattern. I expect the market to fall from the resistance zone toward the support level and breakout of the upward channel. My goal is a support level of around 1.07500
Trade closed: target reached

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