Lingrid | EURUSD Drops from 1.05000 RESISTANCE. Possible Short

3 dni temu

EURUSD market formed a triangle-shaped pattern, indicating a price squeeze. Following the release of high-impact news, the price dropped, remaining mostly sideways before breaking through the upward trendline and the range zone. On the daily timeframe, the price broke and closed below the previous weekly low, forming a significant bearish candle. I think the price may continue on this bearish momentum towards the January close level. I expect the market to form an ABC pullback before pushing lower, especially if upcoming news does not drive the market higher. My goal is support zone around 1.035500

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

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Target done +65 pips 👏