EUR/USD recently has failed to keep gains above 1.22.
CURRENT PRICE ACTION: Bulls are rushing psychological hurdle of 1.22 for the third consecutive day. If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE: Very simple targets of previous highs. Target 1 1.22147 Target 2 1.22535
LEVELS TO WATCH Price consoliation or volatility above 1.22147 can trigger a bull trap.
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DAILY ASCENDING TRENDLINE
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BREAK BELOW TRENDLINE INVALIDATES THE TRADE
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🤓 TRADE MANAGEMENT DAY TRADE: 🎯 TARGET 1 hit - position size halved Stops moved to entry for no risk on the next leg. TREND TRADE: 🚀 Daily Chart still holding the ascending trend line
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