Quick recap on EURUSD, seriously déjà vu of my previous analysis on EURUSD - 
once again we see the price coming towards the same resistance level. This is a level where it has struggled to break through and reversed nicely to the downside as expected. For me it's definitely one to monitor, especially for anyone considering short trades.
If we start seeing signs that the price is getting rejected here: like long wicks, bearish candles, or buyers starting to lose momentum, I think we could see a move down toward the 1.11300 level. I am targeting a slight bounce like before, nothing major. But if price cleanly breaks out, that would rule out the bearish outlook and suggest even further upside will follow.
This area is pretty important and could give us a better idea of where price is headed next.
Just sharing my thoughts on support and resistance, this isn’t financial advice. Always confirm your setups and manage your risk properly.
If we start seeing signs that the price is getting rejected here: like long wicks, bearish candles, or buyers starting to lose momentum, I think we could see a move down toward the 1.11300 level. I am targeting a slight bounce like before, nothing major. But if price cleanly breaks out, that would rule out the bearish outlook and suggest even further upside will follow.
This area is pretty important and could give us a better idea of where price is headed next.
Just sharing my thoughts on support and resistance, this isn’t financial advice. Always confirm your setups and manage your risk properly.
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