The pair is retesting the breakout resistance and maybe the trendline before taking the bearish direction to the downside. Apply due diligence in all trades.
Comments
forex0821
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Ranging might emerge between 1.09825 down to 1.08000 due to holidays.
nLead
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Yes, of course. This analysis was made on 1H TF, which is quite low. I was thinking about the long term.
forex0821
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nLead
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Totally agree. Also, economic policies from the ECB will get the euro to fall down a lot.