EUR/USD Trade Idea - June 24th 2024

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FEATURED TRADE IDEA

EUR/USD

EUR/USD is currently in a downtrend and is approaching a critical area known as the Point of Control (POC), which is marked by significant bearish volume. This area has historically acted as a resistance level, and it’s likely that we will see the creation of a lower high around 1.07350-1.07400, continuing the overall downward trend.

Approaching POC: The pair is nearing the Point of Control, an area of significant bearish volume.

Resistance Level: Expected resistance at 1.07350-1.07400.

Lower High: Anticipation of a lower high formation at this level.

Continuation of Downtrend: Likely continuation of the bearish trend after hitting resistance.

MAJOR EVENTS

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