EUR/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.0751, 1.0781, 1.0849
Key Support Levels: 1.0645, 1.0593, 1.0522
The price on the higher time frame has been trading in a downtrend with occasional pullbacks for a few months and recently it broke a support level of 1.0920. The price has done a retest of that level and continues the trend after facing rejection from there.
EUR/USD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price broke a support level of 1.0771 and continued the move downwards. The pair did a retest of a resistance level at 1.0739 and continued the bearish momentum after facing rejection.
Sell Limit Order @ 1.0696
TP 1 @ 1.0646
TP 2 @ 1.0596
Stop Loss @ 1.0746
Trade Safely 🙂