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EurUsd -> Faking Everybody Out

Hello Traders and Investors,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd💪

The monthly timeframe on EurUsd is pretty clear with EurUsd currently retesting massive previous support which is now turned resistance at the psychological $1.1 level.

With weekly market structure being bullish though, threre is no overall confluence at the moment so following the overall longer term picture I do expect a move lower now.

And it seems like EurUsd is finally breaking daily support towards the downside - I am then just waiting for a clean retest and bearish confirmation before I then do expect a daily move lower.

Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈

Thank you for watching and I will see you tomorrow!

My previous analysis of this asset: