euraud pair reached its decision zone: if we look at a higher timeframe we will notice that 1.585 structure level is very significant.
Approaching it right now to scenarios are possible:
one - is the structure swap. Clear violation of current resistance that will turn to support. So we will be looking for buying opportunities.
another - structure will be respected, and the market will go all the way down to the market low.
For confirmation, I will be looking for a breakout of a local yellow channel. Bullish violation will signify bullish confidence, while bearish will indicate bearish sentiment.
Good luck!
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