Lingrid | EURUSD Bearish TREND: Downward Momentum Persists

١١ نوفمبر

The price perfectly fulfilled my last idea. It hit the TP. EURUSD is currently making lower lows, indicating persistent bearish pressure. Early this morning, the market opened with a gap down and is now testing last week's low, with the potential to break and close below that level. Overall, the market is approaching the previous year’s low area, which lies around the 1.0500 support zone. Notably, the market is forming an ABCD pattern, with point D completing just below the psychological level. Therefore, I anticipate that the market to continue its downward movement to complete the formation. My goal is support zone around 1.0600

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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Continues pushing lower