As you could read in THIS ARTICLE i wrote yesterday EURUSD important level 1.1145 has been broken and it dropped straight to important support zone as planned. Now from the context of next move we must watch the price structure on H4 timeframe. We can see that 1.1070-1.1013 is the zone where EURUSD might be supported and bought on dips. We can easily identify historical selling that happened below the zone. Also previous swing corresponds to now moment buyers AT the price ( DPP, L3 ). Anywhere between 1.1070 and 1.1013 EURUSD could be bought but if we see a H4 or Daily close below 1.1010, EURUSD bias would change.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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