Hi traders and welcome to my channel …
As you can see FOREXCOM:EURUSD in daily chart breaks the strong trend line and perfectly pullback to it and then dropped.
For now, price touch MA200 and try to break the static resistance 1.19521 and it can grow to resistance area between 1.21799 and 1.22432
If price after touch resistance 1.21799 creates lower high blew the resistance zone of 1.19521… I think It’s going to creates new down trend to: 1.16025 (I draw parallel channel for this scenario)
Let’s see what happens…
All info can be found in my chart.
Good luck guys and be careful
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