EURUSD Critical crossroads

7 Jun 2021

Pattern: Channel Up on 4H but if 1.22390 doesn't break, a Channel Down may take its place.

Signal: (A) Buy if 1.22390 breaks, (B) sell until then as a 4H MA50/MA100 has been formed.

Target: (A) 1.23450 (1.618 Fibonacci extension), (B) 1.20900 (Lower Low on the emerging Channel Down and just above the 1D MA50 (yellow trend-line).





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