EURUSD is breaking below a strong resistance
EURUSD has broken below a strong downside resistance of 1.1950. A break above this 1.1950 is now needed to invalidate downside reversal and for a continuation upside. This break is leading to a test of 1.1600 and an upside bounces will be supported by the falling wedge 1.18400 resistance. This is not changing the uptrend substantially. A complete reversal will happen on a break below 1.16000.
Note – Look for the short trades with the stop loss above 1.18500
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