1.052 is a daily resistance of EURUSD. We should expect a big bounce from the first touch but from the chart, there is no bounce at all. The accumulation zone has soon formed a descending flag, indicating that there will soon be a breakout. Right now is a good entry point for short but I'd wait until 1.054 to minimize the loss because it might be a false break.
Remember to trade systematically
Cheers.
Remember to trade systematically
Cheers.
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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.