Can EURUSD break through this resistance trendline?
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What are your thoughts? Will this downtrend continue or will it break through the resistance trendline? Please comment below.
LONG - EURUSD SL: 1.09532 (Suggested by our algorithmic system) TP: 1.10873 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Price on strong support level
2. Accum/Dist indicator showing good sign of accumulation
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance Level Blue Arrow Line: Bullish Divergence Red Arrow Line: Bearish Divergence Purple Vertical Line: Suggested Stoploss by our algorithmic system Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co/7KqL6yp (Timestamp is in Australian Sydney Time UTC+7)
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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.