Euro / U.S. DollarUpdated EURUSD DAILY
Simple trend analysis here, price broke the neckline to its double top off monthly resistance. Price may head down to the 1.20800 zone to retest a strong previous supply zone, where I will look for a rejection or break back below for a continue of a bearish trend.
Note
2 hour: Old demand zone now acting as a supply zone barrierNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.