After breaking down Euro/Dollar, we can see we have clearly broken a monthly descending trendline and breached the 1.2000 level this week. The next current area of noise would be 1.24000 which is currently acting as resistance and as resistance since 2018. I’m sure we are going to hit that at some point over the coming months so it’s something to look out for on buy opportunities. This is a trade idea and not a signal. Any trades taken are done so at your own risk
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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.