breaking down ascending channel
1st major support :1.11809 ( recently been tested 3 times)
2nd major Support 1.11105 (recently been tested 3 times)
in other hand we have RSI oversold so there is possibilty for a correction before we going down ( maybe we reach blue line resistance at 1.1260)
1st major support :1.11809 ( recently been tested 3 times)
2nd major Support 1.11105 (recently been tested 3 times)
in other hand we have RSI oversold so there is possibilty for a correction before we going down ( maybe we reach blue line resistance at 1.1260)
Trade active
EUR/USD has tested ascending resistance like i said in my analysis target is still active
Trade closed: target reached
:)
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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.