When it comes to forex trading, understanding market movements and price trends is essential for success. One of the most effective tools traders use to navigate this landscape is chart patterns.

With these, you will be able to dig deeper and find different technical prompts like trendlines and patterns to guide your trading further.

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Potential signal: <li /> I am a buyer of this pair above the 0.9060 level, with a stop loss at the 0.8985 level. <li /> I ...

Quite often they coincide with obvious support and resistance levels, like in the forex graph in question. That makes them even more important price levels for either a rebound or a breakout.

The euro fell slightly against the dollar on Monday as investors shifted their focus to recent developments in Ukraine peace talks, and assessed the impact of potential Trump tariffs on the eurozone.