EURUSD - Critical support level
The price is currently at a critical support level and is getting ready to test it once again, this would be the third time testing this support level. If the price is able to break this level and move below we could see massive bearish moves as an increase in bearish momentum would skyrocket. If the price bounces here we would see that the price has rejected this support level once again and formed a double bottom meaning the price will make significant bullish gains. Follow and like for more posts like this. I will keep everyone updated on this pair over the coming days.
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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.