2 possible outcome for EURUSD

FX:EURUSD   Euro / U.S. Dollar
40 0 1
We see two possible outcomes for this pair. We might bounce off the lower trend line which is also around the 0.618 and 0.764 Fibo area and prior consolidation area.
We have a strong break of the bottom trend line in which case we will wait for a pullback before initiating a sell position.

You don't have to trade everyday. Sometimes its wise and advantageous to sit back and watch from the sidelines. There will always be another opportunity. I guarantee it.

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