EURUSD / 1D
Hello traders, welcome back to another market breakdown.
EURUSD has been trading in a down trend. For the first time this year. Bulls have actually started making a new bullish structure where traders should adapt to and start looking for longs.
The price is trading at a strong resistnace level: the low of the 7 years trading range. Traders will watch closely if bulls can actually claim this level or they will hae a 2 lagged pull-back before trying to break it again.
Checkout the chart for few possible scenarios that I'll be looking for in the next week.