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EURUSD – MT Corrective Structure Still in Play (4h chart)
Price Action Context
MT the corrective structure is still in play with bulls defending the 1.15-1.16 key support zone while bears wanting to avoid any daily closes above 1.18.
Corrective structure after strong impulsive selling, thus bearish MT. MT corrective structure sitting on top of a LT support, thus looking to play both sides of the range until it breaks.
Key Support & Resistance Levels
R: 1.1790 – 1.1850
S:1.1500 – 1.1575
Stay tuned to our daily trade setups commentary for updates.