💱EURUSD - Range Formation. Heading for support
EURUSD is entering a new range of 1.0912 - 1.1067. The price makes a shakeout against the support and seems to form a growth, but on the H1 we see a breakdown of the uptrend.
TA on the high timeframe:
1) Range is forming on the background of a bullish trend
2) On the lower chart we see the correction from the liquidity area 1.09700.
TA on the low timeframe:
1) Earlier we saw a breakout of the uptrend, after which the price forms a retest of 1.09700 resistance
2) The retest forms range resistance. The price starts to form it and heads towards the range support
3) Most likely, in case of breakout of the local support 1.09430, we will see a fall to 1.08900.
Key support📉: 1.09430, 1.08900
Key resistance📈: 1.09700
TA on the high timeframe:
1) Range is forming on the background of a bullish trend
2) On the lower chart we see the correction from the liquidity area 1.09700.
TA on the low timeframe:
1) Earlier we saw a breakout of the uptrend, after which the price forms a retest of 1.09700 resistance
2) The retest forms range resistance. The price starts to form it and heads towards the range support
3) Most likely, in case of breakout of the local support 1.09430, we will see a fall to 1.08900.
Key support📉: 1.09430, 1.08900
Key resistance📈: 1.09700
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