EURUSD BUY LIMIT

EURUSD

Preference:
Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain momentum.

Alternative Scenario:
If the current trend of rising prices driven by optimistic market sentiment continues to gain momentum, it is possible that the upward trend will persist without any need for a retest of the 38.2 Fibonacci retracement level.