Retest of 1.09443 level proved to hold liquidity
Trend Analysys
Chart patern
2024-08-10T11:06:12+00:00
Trading Idea:
A retest of the 1.09443 level is anticipated to provide significant liquidity on the downside. Historical data shows that on two prior occasions when the price reached this level, liquidity was effectively triggered. The EUR/USD pair is strategically positioned, having emerged from strong bearish momentum and currently undergoing a corrective phase, indicating potential continuation of the downward movement.
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