Updated Analysis on EURUSD
Updated look on EURUSD
Price has broken above EMA's on daily chart.
4hr Chart is up
1hr Chart is up
So we follow the trend for now
I have placed 2 scenarios for what I believe is going to happen.
We have a double bottom touch in consolidation box, so that telling us that price couldn't push lower for the time being.
Its possible for price to push down to scenario # 1because its on a short term bearish push. If price holds up again in CB box we will wait for it to break trend line and retest CB box (Scenario#2) to place buy entry.
Price has broken above EMA's on daily chart.
4hr Chart is up
1hr Chart is up
So we follow the trend for now
I have placed 2 scenarios for what I believe is going to happen.
We have a double bottom touch in consolidation box, so that telling us that price couldn't push lower for the time being.
Its possible for price to push down to scenario # 1because its on a short term bearish push. If price holds up again in CB box we will wait for it to break trend line and retest CB box (Scenario#2) to place buy entry.
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