EU has been forming a descending channel pattern since December 2020, the market condition is slightly range bound. In today's trading session, I will remain neutral bias. Two scenarios that I'm looking at
1. For any long setups to validate, I need to see a clear break & re-test above the 1.1993 minor resistance zone (Bullish)
2. If there's further selling pressure in the market, that could send EU back towards 1.1837 key support zone (Bearish)
The higher timeframe structure remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. For any long setups to validate, I need to see a clear break & re-test above the 1.1993 minor resistance zone (Bullish)
2. If there's further selling pressure in the market, that could send EU back towards 1.1837 key support zone (Bearish)
The higher timeframe structure remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.