EURUSD: False Breakout & Your Plan For Next Week
EURUSD is playing with our expectations.
If you are an intraday trader, you could be possibly caught by a false breakout of 1.1845 structure support .
Though the price managed to close below that on 4H and 1H,
on a daily time frame we got a rejection with a daily candle close ABOVE the underlined level.
In order to catch a bearish continuation, we need a daily candle close below the underlined support.
Only then the breakout will be confirmed.
Next goal will be 1.1715
Remember, that because of the summer time,
the market can start coiling in a sideways market.