Trend: Short-term up
Momentum: Stalled
2 things can happen when a level is tested for the 3rd time (in this case 1.1560 tested on 3 out of the past 4 days)
- Level weakens on each test until there is a breakout’
- Level holds and market runs for cover
In this case it has beenb #2, keaving EURUSD dependent on 1.1526 holding to keep its focus pointed up and away from 1.1500
(AT 4 hour chartt)
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