Yesterday we saw sharp reversal on EURUSD and it's quite important to see how this move will continue.
If we see a break below previous low then we would consider that the upside direction is coming to an end, therefore we will be looking for selling opportunities only.
However, we're still in a bullish trend and there is a chance for another upside leg taking price a little higher than the 1,1850 level.
Once price gets up there we would then be looking for a possible exhaustion and reversal.
If you don't have any active trades, then we suggest to be patient and wait.
See how this situation will develop in our daily analysis!
If we see a break below previous low then we would consider that the upside direction is coming to an end, therefore we will be looking for selling opportunities only.
However, we're still in a bullish trend and there is a chance for another upside leg taking price a little higher than the 1,1850 level.
Once price gets up there we would then be looking for a possible exhaustion and reversal.
If you don't have any active trades, then we suggest to be patient and wait.
See how this situation will develop in our daily analysis!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
