đź’± EURUSD - It's a stalemate. Falling or rising?
A stalemate! News ahead:
Prerequisites for the fall ↓:
1) False breakout and price consolidation below the channel resistance can send the price downward
2) A breakout of 0.382 Fibo may trigger a fall.
3) The price may reach the trend support as part of the correction
4) This decline may start on the background of bullish news in the US market.
Prerequisites for growth ↑:
1) Price is rising and consolidating above 0.236 Fibo and above channel resistance
2) Weak news for the US market will send the pair up to 1.100.
Prerequisites for the fall ↓:
1) False breakout and price consolidation below the channel resistance can send the price downward
2) A breakout of 0.382 Fibo may trigger a fall.
3) The price may reach the trend support as part of the correction
4) This decline may start on the background of bullish news in the US market.
Prerequisites for growth ↑:
1) Price is rising and consolidating above 0.236 Fibo and above channel resistance
2) Weak news for the US market will send the pair up to 1.100.
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.