+768 Points Profit Reached Successfully in EUR/USD Sell Signal

Reason for Selling EUR/USD :

EUR/USD is moving between the ranges in H1 Chart by forming Higher highs and higher lows.

As per our Previous analysis on EUR/USD, we told our traders to wait for the Breakout to make good profits on EUR/USD.

eurusd ranging sideways trend like rising wedge

As per our analysis, the Breakout happened at the bottom level and market re-tested the Breakout level and went down more.

eurusd news breakout and retest brings strong selling pressure

After the confirmation of Breakout at the bottom level, we have given a Sell Signal on EUR/USD.

Finally the market reached our profit target successfully.

Why Re-testing the Breakout Level is more important?

If market re-test the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level.

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