EURUSD: Two Scenarios

snapshot

hey traders,

EURUSD is currently consolidating within a wide trading range.

from one side we have a sequence of two strong rejections around 1.093 level
from the other we have significant resistance level.

no matter what the news are, we should be focused on a daily candle close.
if it closes below the support, bears will push the market lower stopping out the majority of buyers,
if it closes above the resistance, we will see a bullish rally to higher structure levels.

*this idea is labeled as short, because of the current market trend

good luck!
Chart PatternsCurrenciesdollarEUReuroEURUSDForexTechnical AnalysistradingTrend AnalysisUSDWave Analysis

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/
Also on:

Related publications

Disclaimer