Strong resistance at the area, hence predicting some downwards movement fr the day
Predicting some downwards movement from this point. A rising wedge forming and spotted on the smaller time frames there is strong "M" formation that formed which signals the start of the downwards push.
Current rejections of the resistance zone highlighted on the chart which is indicating current downwards movement based on the 4 hour timeframe.
Currently this pair is at a resistance level and already showing some rejections to push downwards
EUR USD currently at a strong support level near 1.10000
Bounce off a key support area and breakout out of trendline resistance
Breakout on the Daily timeframe and currently at a key support level, hence expecting some upwards movement from here.