EURUSD
The price dropped from the resistance zone by forming a fake breakout. The market failed to remain above the resistance that rejected the price twice before. A fakeout is going to be a price rejection that will show the price might go down a third time. Price action made a similar move on February. My goal is to support around lower border of the ascending channel at 1.08300 - 1.08400
The price dropped from the resistance zone by forming a fake breakout. The market failed to remain above the resistance that rejected the price twice before. A fakeout is going to be a price rejection that will show the price might go down a third time. Price action made a similar move on February. My goal is to support around lower border of the ascending channel at 1.08300 - 1.08400