Lingrid | EURUSD testing APRIL Highs

The price perfectly fulfilled my last idea. The market took off and hit the target. EURUSD has broken through the previous day's high, moving higher as it tests the strong resistance level of 1.09000. This is the same zone where the market tanked, setting up an April high. The price has now reached the upper border of the channel, making a 1-2-3 extension, and has formed a tweezer top reversal candlestick pattern. This pattern suggests a fake breakout of the weekly high, which is the April high. I'm expecting a short-term pullback from the channel border. My target is the support level around 1.08280

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Bình luận:

The market has bounced off the resistance zone, closing yesterday with a bearish candle. Considering today's lack of high-impact news, I think that the market will likely move sideways. However, it's also worth noting that Fridays often see a pullback after a significant trending week. So if the price manages to break through the previous day's low, it may continue to move lower. My overall expectation is that the market will retrace to support levels from the weekly resistance zone. My goal is support at 1.08300

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The market touched the target zone then moved higher