This week, for EURUSD we have 2 working scenarios. One with a higher probability in my opinion and the other with a lower one.
1st scenario - the price will go down in a corrective fashion until it reaches the yellow trendline marked on the chart (or higher) and then it will make another push to the upside.
2nd scenario - the price will continue to go down, break the trendline and then it will start an upside correction followed by a continuation to the downside.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
1st scenario - the price will go down in a corrective fashion until it reaches the yellow trendline marked on the chart (or higher) and then it will make another push to the upside.
2nd scenario - the price will continue to go down, break the trendline and then it will start an upside correction followed by a continuation to the downside.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
