EURUSD đź’¶ EURO Rejection above 1.22?
Updated
EUR/USD recently has failed to keep gains above 1.22.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535
LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535
LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
Note
DAILY ASCENDING TRENDLINENote
BREAK BELOW TRENDLINE INVALIDATES THE TRADENote
🤓 TRADE MANAGEMENTDAY TRADE:
🎯 TARGET 1 hit - position size halved
Stops moved to entry for no risk on the next leg.
TREND TRADE:
🚀 Daily Chart still holding the ascending trend line
Trade closed: target reached
🎯 TARGET 2 HITAll Profits Taken
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