FX:EURUSD   Euro / U.S. Dollar
as we can see here on the EUR/USD chart, that previously the market was trending within an uptrending tunnel. after the market tested the top support trend line, then it had 2 strong moves downwards to then break past the bottom support trend line to the downside. now the market has reached a strong support level which has the potential for different moves to happen. the market can settle at that level and create a new structure and act as a pullback to them shift the momentum back to the upside. or price can break past this level to them move down to the 2nd support level and then do the same thing there and hopefully move momentum to the upside. so by using different structure confirmations and candle patterns we are going to see how the market reacts at these areas before we trade them.
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