based on technical analysis, EURUSD formed a H&S near a key resisatnce level. Additionally, it borke out of a trendline, finding support in 1.08000 key level. Im looking for price to break that support level before it starts going down. It has to come fill the gaps that it left near the 1.07000 or 1.06000 levels. News will play a role as well. if EUR keeps its bullish momentum, we will probably se it go back up to 1.09000 befroe going straight up to 1.1000. This is more of a swing trade so it will take time for some of this to play out
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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.