Lingrid | EURUSD breakout and RETEST Pattern

4 ก.ค.

The price perfectly fulfilled my previous idea. It hit the target zone. After the recent news, the EURUSD is now making its way towards the next resistance zone. As we can see, the market is currently ranging around the key level of 1.08000, which suggests that if it breaks through this level, it may continue to rise. The price has gained bullish momentum, and with this momentum, I'm expecting a breakout retest scenario to play out. In other words, I think the price might retset the support at 1.07700 before continuing its upward movement. My target is the resistance level at 1.08315

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

5 ก.ค.

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