欧元/美元
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RLinda ! EURUSD-> The retest of the support of 1,00 What's next?

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EURUSD As I pointed out in the last idea, the possible scenario with the highest chance of triggering is a false break of the global channel resistance.
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In the chart above, I used a higher time frame to show how price accelerates its fall as part of the transition from one downtrend channel to another with a blunter fall angle.
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The price cannot move up from the 1.0000 zone, which means that someone is interested in it and EURUSD once again breaks the strong support level and essentially forms a retest of the 1.0000 zone. The potential for a move down to support at 0.98000 or to the lower boundary of the price channel (support)

I suppose if the price is able to consolidate under 1.0000 level, there is a chance that we will see the continuation of falling. The short-term target is the support level 0.99000, the medium-term target is the level of 0.98000.

Regards R.Linda!

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