The market as we expected went to retest the dynamic trend line of the channel on the 4h timeframe. On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel.
At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios:
- If the market will break above the upper structure we can look for a long position with a TP around the 350 level - If the market will break below the blue structure we can set a short order with a TP around the lower trend line of the channel.
––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.