Eurusd downtrend
EURUSD
The market is ranging at the resistance. The price is testing strong resistance zone after impulse leg and channel breakout. The market is ranging on the 4H timeframe as well. I think the market will test support if price forms a fake break or fake break of the range zone. I expect fake break bar at the resistance zone and upward trendline, then a fall towards support level . My target is support at 1.06680.
The market is ranging at the resistance. The price is testing strong resistance zone after impulse leg and channel breakout. The market is ranging on the 4H timeframe as well. I think the market will test support if price forms a fake break or fake break of the range zone. I expect fake break bar at the resistance zone and upward trendline, then a fall towards support level . My target is support at 1.06680.
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