EUR/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.0642, 1.0673, 1.0750
Key Support Levels: 1.0565, 1.0504, 1.0475
The price on the higher time frame was trading between the range of 1.0772 and 1.0643 for some time after it had some bullish run. Recently the pair faced rejection from the upper range and broke the lower range good momentum.
EUR/USD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price faced rejection from the resistance level of 1.0750 and reversed its direction. It has broken the support level of 1.0673 and retested another support of 1.0642 before continuing the momentum.
Sell Stop Order @ 1.0610
TP 1 @ 1.0571
TP 2 @ 1.0493
Stop Loss @ 1.0649
Trade Safely 🙂