On the 4H timeframe, the price fell from resistance and reached the level. FX:EURUSD bounced off the resistance by forming an impulse movement. On the daily timeframe, it broke the strong level at 1.08000. I think the market might pull back to the resistance zone and then move downward. If the price makes a pullback against the main trend, there's a higher chance that the market will continue to move downward. My goal is to support 1.07500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
⋅
The market literally tanked and hit the target zone.