EURUSD still maintaining the bearish channel . Last analysis we see the importance of resistance at the 1.1750 area. Now price got rejected twice thus far at 1.1750 and yesterday was the third rejection. At this current level we find the upper channel boundary.
This price action confirms the importance of the resistance level at 1.1750. In case we see a push above this level, the bullish signal will have increased importance why because this resistance was tested severally. As long as price is inside the bearish channel we remain bearish looking for new lows until there is break of for a new structure.
This is not a financial advice is just an analysis trade with caution by applying risk management properly.
This price action confirms the importance of the resistance level at 1.1750. In case we see a push above this level, the bullish signal will have increased importance why because this resistance was tested severally. As long as price is inside the bearish channel we remain bearish looking for new lows until there is break of for a new structure.
This is not a financial advice is just an analysis trade with caution by applying risk management properly.
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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.