Lingrid | EURUSD range BREAKOUT. Short

٢٩ يوليو ٢٠٢٤

The market has been showing sideways movement last week. On the weekly timeframe, EURUSD formed a long-tailed bar, which is often indicative of a potential reversal, followed by a bearish candle. This pattern suggests a possible shift in market sentiment. The price has broken through the important zone at 1.08500, which was a key level. Given this breakout, it is likely that the price will continue to move downward toward the support level at 1.08000. I anticipate that there may be a pullback before the market moves below last week's low, confirming the bearish momentum. Keep an eye on any potential retracement that could provide an entry opportunity. My target is the support level at 1.08050


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

٢٩ يوليو ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف