Short

Lingrid | EURUSD Bearish TREND continuation OPPORTUNITY

gapped up early this morning, and that gap has yet to be filled. The price has been making lower lows following the high-impact news from last Friday. On the weekly timeframe, the price broke below and closed below a significant range zone, indicating a potential bearish sentiment in the market. I believe the market may decline toward lower levels, given the recent bearish momentum. The price is approaching the resistance zone around 1.0500 and above. If the market rejects this resistance and the downward trendline, it could drop all the way down to 1.0200. My goal is support zone around 1.03000

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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