The European currency is weakening throughout the session today. The morning look at the market did not give a clear signal to conclude a transaction (It is commonplace on the Forex market). There was no exit from the top, so a long position was not taken into account. The currency pair also did not rise to the designated line so that you could go short in a reasonable place. So we are currently at the support level in a rather strategic place. Trendline from D1 interval plus support. Going beyond this level will give us an open way to fill OverBalance. Perhaps even a further decline as the price decline lasted longer than expected, which could mean a stronger move.
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2021-02-01