Short

EURUSD SCENARIO BREAKDOWN

Updated

The pair has bounced off the the local high and is now at a local support level.

There are two scenarios presented on the charts. First one is the bounce up scenario, with the subsequent return back down and breakout of the support with the second scenario then being a also a continuation of the first one in some sense.

The second one implies an immediate breakout and a correction lower to the first meaningful level.

I am highly skeptical of the continuation of the euro rally and I am convinced that a correction is overdue. Therefore, Both scenarios imply an ultimate move down.

Guys, Like, subscribe and comment.

I wish you all the best of luck in your trading.

Note

The first scenario played out and is slowly transitioning into the second one.

Note

Both scenarios worked as planned!

ProSignalsFx

✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker

Also on:

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.