On the EUR/USD daily chart, a successful test of the diagonal support may lead to the recovery of downtrend.
But for this to happen bears will have to overcome significant levels at 1.064 and 1.058.
On the EUR/USD hourly chart, a breakout of the support at 1.071 allowed traders to open shorts. A successful test of the lower border of the ascending trading channel will allow opening of short positions in the direction of the target 88.6% in the “Shark” pattern.
Recommendations: hold shorts formed from the level of 1,071, SELL 1,066 SL 1,0715 TP1 1,058 TP2 1,045.
Origin: FX BAZOOKA
