EURUSD | Horizontal Resistance

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Price is near Horizontal resistance, if there is a confirmed breakout we can initiate a long position. But price might take a correction due to its parabolic move and RSI is going to be overbought, in this case we can initiate long on a confirmed retracement of a horizontal support (mentioned on the chart)

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.