Yesterday, the market went lower, testing the key support level at 1.08000. EURUSD formed a long-tailed bar on the daily timeframe, forming a fakey bar formation. The market took the liquidity below the last Thursday low. Therefore, I think the market might move up because the price is bouncing in the range zone between 1.08000 and 1.086000. I expect the price to go up from the support level, possibly retesting the higher highs. My goal is resistance around 1.08610.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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