EURUSD - Mapping
Currently seeing bearish channel (purple parallel lines).
When price hit the black zone (discount area for buy), and failed to make a lower low, it shows possibility of bullish reversal (Double Bottom).
News later will determine if price will go bullish to possibly break the channel, or it could go more bearish.
When price hit the black zone (discount area for buy), and failed to make a lower low, it shows possibility of bullish reversal (Double Bottom).
News later will determine if price will go bullish to possibly break the channel, or it could go more bearish.
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