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Eurousd-price-action

EURO/USD: GOOD RALLY COMING IN.After a long devastating rejection since January 2021, the EURO/USD finally resurrected from the dead. Note: This analysis is in a 2-monthly timeframe so do not consider this a short-term trade setup. A -22.85% rejection from the resistance was brutal for the EURO/USD in the long-term view. After almost 2 years, the EURO/USD has bounced back from a historical supporting trendline. This looks good from a long-term perspective and I believe we may see some positive moves in the coming new year. In a lower timeframe(3-6 hours), the EURO/USD is dropping down which is quite obvious and it must be a bearish situation if you are a bull and you are scalping or playing in the short-term market. Overall, EURO/USD looks good for now. What do you think? Share your views in the comment section. Trade safely.
Long
by Dexter_The_Trader
2
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active. Buyers lost their control against sellers and price was pushed down with average volume. Invalid Diji / Suspicious Alarm : Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started. Rounded Pattern: Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range. From the 3rd of April, we are seeing average volume trading. Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks. In the last update: I suggested to buy EURUSD:
by Trade-Technique
65