EUR/USD in a crucial position !
Obviously, price of EURUSD is now found ranging in between an UNTESTED RESISTANCE line and a several times TESTED PROVEN SUPPORT line.
Moreover, we are waiting for a break in either of the two touch points!
According to the CHART, a circle is drawn right below the PROVEN support line which indicates a bearish determinant i.e is the price is found anywhere in the circle. There is an i tendency of further fall as seen on the path drawn.
On the other hand, a lucky fly above the UNTESTED resistance line will fetch us more pip up till the next Resistance level at 1.0817.
Moreover, we are waiting for a break in either of the two touch points!
According to the CHART, a circle is drawn right below the PROVEN support line which indicates a bearish determinant i.e is the price is found anywhere in the circle. There is an i tendency of further fall as seen on the path drawn.
On the other hand, a lucky fly above the UNTESTED resistance line will fetch us more pip up till the next Resistance level at 1.0817.
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