EURUSD: Where are We Going? Price Action Analysis

2021년 1월 30일

EURUSD is currently stuck within an expanding triangle formation on 4H.

Its lower boundary is based on a major horizontal daily/4h support.
Its upper boundary is based on a strong 4H rising trend line.

The breakout of its boundaries will clarify the future long term direction of the market.

If we see a bear breakout of horizontal support,
it will most likely lead to a start of a long term bearish trend on a pair.

If we see a bullish breakout of its trend line, bullish continuation will most likely follow.

For intraday trading, both boundaries can be considered.

Please, support this idea with like and comment. Thank you

2021년 2월 1일

노트

Check my new idea on EURGBP: