Let's delve into analyzing this popular forex currency pair together. 📈🔍
On the daily timeframe, we've reached a highly significant weekly support level. If breached, it could lead to a sharp new movement towards the 0.84060 range.🕰️⏳
Moreover, within this timeframe, there's a descending trendline. A break and confirmation below the 0.85698 trigger could prompt us to consider opening positions in lower timeframes.⏩🛑
Our primary focus is on breaking the 0.85 level and initiating short positions. However, should this level result in a false breakout, the 0.85698 trigger will gain more significance. 🛒🎯
Given that volume doesn't carry much weight in the forex market, ensure to enter based on a suitable candle showing buyer or seller strength. 🕯️💪
Stay vigilant about any EUR-related controversies on the day of your position. 🌐🔍
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.💼
On the daily timeframe, we've reached a highly significant weekly support level. If breached, it could lead to a sharp new movement towards the 0.84060 range.🕰️⏳
Moreover, within this timeframe, there's a descending trendline. A break and confirmation below the 0.85698 trigger could prompt us to consider opening positions in lower timeframes.⏩🛑
Our primary focus is on breaking the 0.85 level and initiating short positions. However, should this level result in a false breakout, the 0.85698 trigger will gain more significance. 🛒🎯
Given that volume doesn't carry much weight in the forex market, ensure to enter based on a suitable candle showing buyer or seller strength. 🕯️💪
Stay vigilant about any EUR-related controversies on the day of your position. 🌐🔍
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.💼
