EUR/USD moving in a down trend by forming Lower Highs, Lower Lows in Daily Chart
Now, Market hits the bottom and starts to bounce up.
In hourly chart, EUR/USD is moving in an uptrend by forming higher highs and higher lows.
We can expect upward movement on EUR/USD for retracement.
Education note :
Uptrend = Higher Highs, Higher Lows (In above analysis, check 1 hour Chart for reference)
Downtrend = Lower Highs, Lower Lows (In above analysis, check Daily chart for reference)
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