Lingrid | EURUSD possible Short from RESISTANCE zone for FX:EURUSD by Lingrid

Lingrid | EURUSD possible Short from RESISTANCE zone

market surged, closing above the 1.03500 level. It then pulled back into a range zone, where it has been moving sideways for the past two weeks. Currently, the price is testing the high from the previous week. I believe the market may either move lower or remain within the range of 1.03500 to 1.04500 before the next significant movement occurs. On the daily timeframe, the price action is bearish, and I anticipate that the market will bounce off the resistance at 1.04500, a level that has been respected multiple times in the past. My goal is support zone around 1.03520

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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