Possible reversal zone
Price level to watch for: 1.0986 confluence zone
1. Cross of 2 channels
2. Long term trendline
3. 2nd Pivot support
Do not enter without a bullish candle signal, as the euro has been affected by russian sanctions. If you want to catch the bottom, place TIGHT STOP LOSSES. The long-term trend is downwards till eurozone stabilizes, so this is only a pullback idea.
1. Cross of 2 channels
2. Long term trendline
3. 2nd Pivot support
Do not enter without a bullish candle signal, as the euro has been affected by russian sanctions. If you want to catch the bottom, place TIGHT STOP LOSSES. The long-term trend is downwards till eurozone stabilizes, so this is only a pullback idea.
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