only my idea
pair EURUSD is not just a lonly pair, so it must also check others pair to do good decision. Is other pair near a strong line? yes
GBPUSD is on strong resistance - double top - high probability to do correction= EUR DOWN
EURJPY on strong line - high probability to do correction = EUR DOWN
USDJPY - flag structure - no important
GER30 is also on strong line possibly to make correction - EUR UP
FRom this I mean that EURUSD is going to test again 1.12 and 1.11. GER30 has HIGH impact so its possible to EUR and GBP breaks the strong lines
GBPUSD is on strong resistance - double top - high probability to do correction= EUR DOWN
EURJPY on strong line - high probability to do correction = EUR DOWN
USDJPY - flag structure - no important
GER30 is also on strong line possibly to make correction - EUR UP
FRom this I mean that EURUSD is going to test again 1.12 and 1.11. GER30 has HIGH impact so its possible to EUR and GBP breaks the strong lines
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.