According to the monthly time-frame you can observe that there is a DOWNTREND movement that has formed, many institutional traders have already entered at the last peak. For retail traders like myself to look for SELL entries throughout the new trend. EURUSD has a downside momentum after the breakout of previous support.
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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.