This is a Daily chart for
EURUSD
Price bounced nicely from weekly support around 1.1310 and pushed higher, trading now around 1.1650
Scenarios :
1/ Price will test the short-term resistance zone and break both lines (1) and (2) closing above this level can open the door for more up movements toward the next resistance around 1.1800
2/ Price will fail to stay above the EMA and also fail to break the resistance lines, so it will test the short-term support zone, this will give much more room to the downside.
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
EURUSD
Price bounced nicely from weekly support around 1.1310 and pushed higher, trading now around 1.1650
Scenarios :
1/ Price will test the short-term resistance zone and break both lines (1) and (2) closing above this level can open the door for more up movements toward the next resistance around 1.1800
2/ Price will fail to stay above the EMA and also fail to break the resistance lines, so it will test the short-term support zone, this will give much more room to the downside.
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
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