EURUSD MONTHLY STRONG RESISTANCE AHEAD~

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MARKET ANALYSIS: The pair is now trading near the monthly strong resistance level. Now if the resistance level holds on we can see a further downward move to the next possible level at 1.05000 and if the support breaks it will follow to 1.04000.

Alternate Scenario: The monthly resistance level breaks and the candle closes above in the daily time frame we can see a market upward rally to the next possible resistance level. So lets wait and see what the market does in the coming days. Cheers!
Trade ist aktiv
First support reached wait for a breakout for further impulse
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