Lingrid | EURUSD rejected SUPPORT Level. Pullback EXPECTED

The price reached the support level and struggled to make a new extension downward. Even though EURUSD made a weak lower low, which suggested that bears are not ready to sell at current prices, the market formed double-long-tailed bars at the support level. We can see that it keeps rebounding above key level at 1.06000. The price is also forming a potential compression channel with bullish divergence. Overall, I expect a breakout downward channel, then retest the resistance. My goal is the resistance zone at 1.06700


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

Trade geschlossen: Ziel wurde erreicht:

EURUSD literally rallied and hit the TP 🤑