We will now enter a trend continuation trade in the EURUSD. The market has already reached a resistance area and was rejected. This means that there is still a big selling pressure in the resistance zone. There is also a bearish trend line close to the price action.
If EURUSD will actually go up, I don't think that it will be because of a touch in the support zone. It will likely create a double bottome first before continuing up.
If EURUSD will actually go up, I don't think that it will be because of a touch in the support zone. It will likely create a double bottome first before continuing up.