Resistance Now Being Challenged
Price on the EURUSD daily chart is now at the important range resistance level.
After forming an inside bar, price could not move lower and formed a bullish candlestick rejecting lower prices.
This new test of the range resistance comes off the back of a new higher low and seeing this resistance break and a new move higher would not surprise in the coming sessions.
We can now watch for a potential breakout and long trades.
After forming an inside bar, price could not move lower and formed a bullish candlestick rejecting lower prices.
This new test of the range resistance comes off the back of a new higher low and seeing this resistance break and a new move higher would not surprise in the coming sessions.
We can now watch for a potential breakout and long trades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.