EURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish
TA on the high timeframe:
TA on the low timeframe:
Key supportđ: 1.0490
Key resistanceđ: 1.0560, 1.05900
TA on the high timeframe:
- False breakout of resistance. If the price returns beyond 1.0536 a strong rebound will be formed
- The liquidity area interesting for the market appears - 1.06000
TA on the low timeframe:
- False breakout will form an imulse.
- A correction back to support may be formed, which will form an entry point
- Buy entry point could be 1.0490, 1.0499.
Key supportđ: 1.0490
Key resistanceđ: 1.0560, 1.05900
All about GOLDđ„
Trading TipsđĄ
Secrets ofđ
Analysisđ
Forecastsđ
FREE TELEGRAM:
đč Telegram channel: t.me/Go1dTech
đ My contact: t.me/GoldTech
Trading TipsđĄ
Secrets ofđ
Analysisđ
Forecastsđ
FREE TELEGRAM:
đč Telegram channel: t.me/Go1dTech
đ My contact: t.me/GoldTech