EURUSD had a turn back from yesterday from a formed weak support level which is now an UNTESTED SUPPORT level @1.16832 !!!
Now, the price is found at a 4 time tested PROVEN RESISTANCE level.
There are 50-50 chances of the price breaking upward considering the fact that it has slight shifted from the TREND line (As seen in the CHART).
There is also a tendency of a reversal from the PROVEN resistance level because it current seem to be a stronger barricade.
POSSIBLE MARKET MOVES
FED Chair Powell is speaking today by US session... possibility of serious moves !!!
Now, the price is found at a 4 time tested PROVEN RESISTANCE level.
There are 50-50 chances of the price breaking upward considering the fact that it has slight shifted from the TREND line (As seen in the CHART).
There is also a tendency of a reversal from the PROVEN resistance level because it current seem to be a stronger barricade.
POSSIBLE MARKET MOVES
FED Chair Powell is speaking today by US session... possibility of serious moves !!!
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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.