On Monday the price had a false breakout from the range area to the upside where the next day the price returned back inside the range area.
On the last two days the price reached the previous two weeks target $1.03920 and bounced from the support.
If the price manages to close the day below $1.03920 then we would have price moving to long term target $1.02975.
If we take these three time frames into calculation the EURUSD price will move down around 200 pips from the current price.
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.
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.