![[EUR/USD] Clear 1.15 rejection; possible long opportunity](https://s3.tradingview.com/c/chChhKGc_mid.png)
My outlook from yesterday is still valid, and this are the possible scenario's for now:
> Price will test the 1.16 area in the EU session, drop or continue higher.
> In case of continuation, price will aim for 16.4/16.5 area and test this in the US session.
> In case of rejection, price will fall down again towards 1.15 level and test that again later.
Note
There is some RSI confluence on the lower timeframe, a little bit earlier than expected.
Let's see what price will do in the first hours of US session
Note
Price now perfecty testing and respecting the 1.16400 level. This is the first sign of a move down, aiming for 16.00/15.80 area.
If not, you should look for a second test of the 16.40 area
Trade closed: target reached
Not perfectly accurate, but setup was correct and valid.
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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.