💱EURUSD - The market is experiencing an attempt to change the t
EURUSD is forming a reversal setup after a false breakout of the daily support level. The price may experience an attempt to change the local trend
TA on the high timeframe:
1) A false breakout is formed. The global correction may be over at 1.09526 level
2) Price is testing the liquidity area of 1.1200
TA on the low timeframe:
1) Price is breaking the bearish channel. An impulse is formed to retest the base of the reversal pattern
2) A break of the pattern base may form a bullish impulse towards 1.11447.
3) As the trend is broken, the price may test the resistance in the medium term and the price may strengthen to 1.2430 in the medium term
Key support📉: 1.09670
Key resistance📈: 1.10400
TA on the high timeframe:
1) A false breakout is formed. The global correction may be over at 1.09526 level
2) Price is testing the liquidity area of 1.1200
TA on the low timeframe:
1) Price is breaking the bearish channel. An impulse is formed to retest the base of the reversal pattern
2) A break of the pattern base may form a bullish impulse towards 1.11447.
3) As the trend is broken, the price may test the resistance in the medium term and the price may strengthen to 1.2430 in the medium term
Key support📉: 1.09670
Key resistance📈: 1.10400
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