The EURUSD currency pair is currently testing a support level formed by a trendline on the Daily Time Frame (TF). As a result, I am adopting a neutral stance on this trade until a clear direction emerges in the market. There are two potential scenarios to consider:
Firstly, there is a possibility that the market will break below the trendline, indicating a continuation of the downward move towards the next significant keyzone.
Alternatively, the price may reverse from the current support level and resume its upward movement.
Given these possibilities, it is crucial to monitor the market closely to determine the actual path it will take.
What do you think?
Firstly, there is a possibility that the market will break below the trendline, indicating a continuation of the downward move towards the next significant keyzone.
Alternatively, the price may reverse from the current support level and resume its upward movement.
Given these possibilities, it is crucial to monitor the market closely to determine the actual path it will take.
What do you think?
