#EURUSD:
The big picture is showing a pausing uptrend, which is confirmed by the price holding above the 200 EMA. This mentioned pause is given by the complex correction in place, with a form of a wide range.
Given these factors, as well as the fundamentals in the same direction, my bias is to the upside. In this case, we have to wait for a range breakout.
(4H):
Looking closer, we can spot an ascending triangle, meaning that seller are not finding enough power to push the price back to the range bottom again. However, this doesn't exclude a possible downturn if the pattern will get a breakout to the downside.
The big picture is showing a pausing uptrend, which is confirmed by the price holding above the 200 EMA. This mentioned pause is given by the complex correction in place, with a form of a wide range.
Given these factors, as well as the fundamentals in the same direction, my bias is to the upside. In this case, we have to wait for a range breakout.
(4H):
Looking closer, we can spot an ascending triangle, meaning that seller are not finding enough power to push the price back to the range bottom again. However, this doesn't exclude a possible downturn if the pattern will get a breakout to the downside.