EUR continues to strengthen. The currency pair is supported by the falling dollar.
The structure of consolidation before distribution coincides with the one two weeks ago. We are one step away from a rally
Scenario:
First of all, there is 1.1381 resistance ahead. If the currency pair does not fall, enters the buying zone and forms a consolidation, in this case we can count on premature growth.
But!
Powell's speech is ahead and the market may make a correction.
The price may go down to the previously broken triangle resistance for a retest and then continue to grow.
The structure of consolidation before distribution coincides with the one two weeks ago. We are one step away from a rally
Scenario:
First of all, there is 1.1381 resistance ahead. If the currency pair does not fall, enters the buying zone and forms a consolidation, in this case we can count on premature growth.
But!
Powell's speech is ahead and the market may make a correction.
The price may go down to the previously broken triangle resistance for a retest and then continue to grow.
Trade active
bull run !
❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.