EURUSD: Uncertainty Reigns !
On EURUSD, price has formed a possible channel on H1 timeframe as it went below the demand zone (1.19). All fundamentals let us think that the bullish scenario isn't gone. However, more confluence is needed on this to take the right decision.
A possible scenario: Could be that price touches the upper trendline, dive back in the channel and breaks the upper trendline with many bullish candles. Then and only then a BUY can be activated as the impulsive phase would have begun.
Until then, Trade Safe and best of luck !
A possible scenario: Could be that price touches the upper trendline, dive back in the channel and breaks the upper trendline with many bullish candles. Then and only then a BUY can be activated as the impulsive phase would have begun.
Until then, Trade Safe and best of luck !
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