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Eurusdanalysis

DeGRAM | EURUSD false break of major support levelEURUSD bounced off the major support level and made a false break, which means this level is important for market participants. Price tested the level where price made a rejection and gained bullish momentum, making higher high and higher close. The market is likely to create a heads and shoulders. We anticipate a bullish move from the support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
4
DeGRAM | EURUSD bears are still in controlEURUSD is still in a bearish trend on the 4H chart. The market made a lower low and then a higher high, which means a consolidation. On the weekly chart, we have a doji bar. If price action makes a false break at the high or low of the bar, it will create a new trend. If the resistance holds, the market may continue moving sideways. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5