Possible scenarios for EURUSD in the medium term
The price reacted right at the confluence between the bullish channel in 4 hours and the bassist in daily. At that point we also find an OB. For now the price has been rejected at the bottom of the bullish channel in 4 hours, however, if you manage to penetrate it, we could see the price in the next OB, which has quite a few harmonic confluences at 1.19 for a purchase with a little more profit. Returning to the bullish channel at 1.21.
However, if you fail to penetrate that channel at the current level, it may go straight to 1.21. Exceeding the level of 1.21, we would be seeing it in the next OB at 1.22, to neutralize the next daily maximum. That's where we'd see the new scenario. In yellow line are shown the possible reaction points, and marked for purchase or sale, which we consider most likely.
However, if you fail to penetrate that channel at the current level, it may go straight to 1.21. Exceeding the level of 1.21, we would be seeing it in the next OB at 1.22, to neutralize the next daily maximum. That's where we'd see the new scenario. In yellow line are shown the possible reaction points, and marked for purchase or sale, which we consider most likely.
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