Hi, according to the chart, the pair has tested for the third time the support line daily. When zooming on H4 timeframe we can notice a green candlestick which means that the break down has potentially failed. In this context, eurusd could trigger a reversal of the trend to reach much higher price. I am long on the pair for now. Of course the invalidation is below the line.
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.