Then probable break down back to the white line, maybe correction to yellow support line. Depending of what will happen the price will: stabilize after a small correction before the next rise. Or make a correction then make a try to rise / maybe struggle and finally break down for a stronger correction.
Note
The risk. Small swing higher then fall. Or swing higher then correction, then new rise UP.
Note
Move is confirmed with a fishnet. After a fishnet the direction will break out UP or DOWN
Note
The price broke a little bit down after the fishnet formation but as it's never possible to predict the strength it's always relative. Based on the Daily, it seems to stay stabilizing around the actual levels. Probable moving a little back up but with a risk of breaking down later. Anyway it's unclear and the market is waiting for something.
Note
euro will probably try to retest the previous resistance and maybe break it. Signal on 2H chart, price is ready to go. On 4H not really clear atm but can quickly change.
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.
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.