The global picture for the eurodollar currency pair.
At the end of the week, after a false breakout, the instrument closes above the strong support level, which actually speaks of the strength of buyers, bringing the price back into the trading range.
The local trend is downward.
As we know, the strongest movements are formed after a false breakout.
The potential of the currency pair is huge.
The first urgent target is the upper border of the channel and local resistance at 1.17.
If the price manages to get out of the channel up, then in the short term it makes sense to consider the long-range resistance at 1.189
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Share your opinion in the comments and support the idea with Like.
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At the end of the week, after a false breakout, the instrument closes above the strong support level, which actually speaks of the strength of buyers, bringing the price back into the trading range.
The local trend is downward.
As we know, the strongest movements are formed after a false breakout.
The potential of the currency pair is huge.
The first urgent target is the upper border of the channel and local resistance at 1.17.
If the price manages to get out of the channel up, then in the short term it makes sense to consider the long-range resistance at 1.189
-------------------
Share your opinion in the comments and support the idea with Like.
Thanks for your support!
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex