The main plan: to sell EURUSD from the level of 1.1500 with the target of 1.1355.
The reasons:
Probability: 80% (high)
Reserve plan: buy EURUSD if the rate can rise above 1.1480.
The reasons:
*Long consolidation at the upper border of the flat, near the level of 1.1500.
*Possible breakthrough range up.
Probability: 40% (average)
The reasons:
- The trend is bearish on the D1 chart.
- Flat with borders: 1,5000 - 1,1300.
Probability: 80% (high)
Reserve plan: buy EURUSD if the rate can rise above 1.1480.
The reasons:
*Long consolidation at the upper border of the flat, near the level of 1.1500.
*Possible breakthrough range up.
Probability: 40% (average)
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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.