EURUSD SPORTLIGHTS

11 thg 12, 2022

EURUSD
EURUSD monthly timeframe, has the price broken the support zone at 1.06797$, and retraced back to the previous low, now support has changed to be strong resistance. Where now Price is roaming at.

The observation on weekly timeframe, the price leaved a doji candle to signify that price is at indecision zone , whereby bull in r bear can take into control of the market. However that, we saw price struggling at resistance to signify bear in control of the market.

Four hourly timeframe, price produced the double top near the Strong Residence, to signify that price will change direction to the bear trend after secondary retracement completed. The confirmation on Small is where the zone do called neckline at 1.04591$ is where aggressive can take risk or consecutive trader can wait for retracement back to neckline and risk there.