Eur/Usd Mark up
I followed the trend by using the yellow arrows to help me see the moves.
I marked the blue trend lines as major support and resistance and the smaller lines I'm using as minor support and resistance.
Based on what I see the market it looks like a bullish continuation. Price (Red Circles) bounced back and forth.
Price broke out of the trend at 1.08691 creating a new lower low?
it was a false breakout.... price then rallied up into 1.12813 then pulled off and continue to drop.
the New low was at 1.04051 area near my major support trend line. From there price went up into my minor resistance zone 1.08025. price bounced off the minor resistance into minor support.
As of now I will wait for price to return into my resistance zone before making a decision on an entry
I marked the blue trend lines as major support and resistance and the smaller lines I'm using as minor support and resistance.
Based on what I see the market it looks like a bullish continuation. Price (Red Circles) bounced back and forth.
Price broke out of the trend at 1.08691 creating a new lower low?
it was a false breakout.... price then rallied up into 1.12813 then pulled off and continue to drop.
the New low was at 1.04051 area near my major support trend line. From there price went up into my minor resistance zone 1.08025. price bounced off the minor resistance into minor support.
As of now I will wait for price to return into my resistance zone before making a decision on an entry
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