Gold-Tech

ðŸ’ąEURUSD - A correction signal is generated

āđ€āļžāļīāđˆāļĄāļ‚āļķāđ‰āļ™
FX:EURUSD   āļĒāļđāđ‚āļĢ / āļ”āļ­āļĨāļĨāļēāļĢāđŒāļŠāļŦāļĢāļąāļāļŊ
EURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish

TA on the high timeframe:
  • False breakout of resistance. If the price returns beyond 1.0536 a strong rebound will be formed
  • The liquidity area interesting for the market appears - 1.06000

TA on the low timeframe:
  • False breakout will form an imulse.
  • A correction back to support may be formed, which will form an entry point
  • Buy entry point could be 1.0490, 1.0499.

Key support📉: 1.0490
Key resistance📈: 1.0560, 1.05900

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