EUR/USD drops off resistance after ECB

EUR/USD technical analysis

Now the ECB decision is done and dusted surprise free, lets get back to the main technical scenario we've been talking about.

Daily thoughts:

  • Price sitting at trend line resistance. Rejected!
  • It's sort of a range play I'm thinking.
  • Are we going back to the lows? That's the real zone to be playing.

Intraday thoughts:

  • How can you not love this chart!
  • Intraday double top, at higher time frame resistance. Beautiful!

It's crazy how often markets give a 2nd chance to enter positions. Everyone talks about needing to be first, but you really don't have to rush.

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