Lingrid | EURUSD trend SHIFT ?

The market finally broke out of range one. EURUSD tanked below the support level, breaking through the channel. The price broke below the support level at 1.09000. After the breakout, the price formed a swing zone. On the daily timeframe, it fixed below the previous weekly low. The market is in the distribution phase. On the 1H timeframe, we have divergence. It suggests that the price can make a pullback. I expect a pullback toward the swing zone and then potentially going downward toward the demand zone around 1.08000. My goal is the support level at 1.08140


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

Comment:

The price has broken through a support level and a triangle pattern. The market made an impulse move, then bounced off the support at 1.08500. It retraced back to the resistance zone. The 1.091030 level is the previous week's low. So I think the price will react to this level. The market is in a downtrend, and I expect it to fall from the resistance if it rejects the resistance by forming a fake breakout. My goal is the support level 1.08739

Trade closed: target reached

Comment:

The price perfectly fulfilled my last idea. It hit the target level. EURUSD market broke through the range zone. It formed a doji candle on the daily timeframe. There is indecision in the market. The breakout of the previous day, whether low or high, will push the price to the next support or resistance. The main trend is bearish, and the price rebounded from the range border. I expect to test the downward trendline and resistance zone, then roll back towards the support level. I think it might go down if it rejects the resistance. My goal is to support 1.08118.