Euro / U.S. DollarUpdated EUR/USD : 2022 Price Direction
EUR/USD
The Euro has been falling for some time and is now consolidation for its next large move. We can see that we are building support & creating a falling channel.
Long Play:
Wait for a candle break and close out of the first layer of resistance (~1.14) then we can see a new upward trend pushing to the higher resistance levels.
Target 1: (~1.152)
Target 2: (~1.7)
Target 3: (~1.19)
Short Play:
Wait for a candle break and close our final support around (~1.12) area then we can retest a new support level near (~1.1)
Target 1: (~1.1)
The Euro has been falling for some time and is now consolidation for its next large move. We can see that we are building support & creating a falling channel.
Long Play:
Wait for a candle break and close out of the first layer of resistance (~1.14) then we can see a new upward trend pushing to the higher resistance levels.
Target 1: (~1.152)
Target 2: (~1.7)
Target 3: (~1.19)
Short Play:
Wait for a candle break and close our final support around (~1.12) area then we can retest a new support level near (~1.1)
Target 1: (~1.1)
Note
Target 1 hit enjoy profit
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