EUR/USD - false breakout of key levels!

In the face of sanctions the supply chain in Europe suffers, which leads to a decrease in the economy of the whole EU.

EUR starts to fall against USD, as the EU economy takes a bigger hit than the U.S. economy.

The price is now testing the global trend line and big trading range. If this trend line cannot resist the sellers' pressure, it will test the key level at $1.06. If there will no strong support, the next key level is $1.03.

False breakout is possible in both cases, so watch for updates on the channel, where we will give all the relevant update.

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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.