EURUSD: 2 Scenarios Explained 🇪🇺🇺🇸

28 Apr 2023

Important fundamentals are coming.
Watching the current state of affairs on EURUSD, I see 2 potential scenarios.

Bullish
The price keeps setting equal highs, perfectly respecting 1.1045 - 1.1095 resistance.
If the price breaks and closes above that, I will expect a bullish continuation to 1.116 level.

Bearish
The price keeps setting higher lows, respecting a rising trend line.
If the price breaks and closes below that, a bearish continuation will be expected to 1.1093 level.

Wait for a breakout, traders.

What do you expect?

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