EURUSD Close to near-term Resistance
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
EURUSDPrice 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
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.