Lingrid | EURUSD short-term pullback from the RESISTANCE zone

21 thg 8

The price has successfully reached the target zone outlined in my previous forecast. EURUSD is currently approaching a weekly resistance level that was last tested in December 2023. Given that this resistance level previously experienced a bearish reversal, we can anticipate a potential short-term pullback or choppy price action in this area. I expect a likely fake breakout above both the channel border and the resistance level, which might result in a short term correction in the market. My goal is the support level around 1.10500


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