on DAILY: EURUSD is sitting around support so we will be looking for objective buy setups on lower timeframes
unless EURUSD breaks below our blue support, then a bearish movement would be expected
on H4: EURUSD is currently trading inside our red symmetrical triangle so we have two scenarios:
1- we are waiting for an objective break above the last swing that forms around the upper red trendline to buy
2- or we are waiting for a new swing to form around our lower red trendline to consider it valid and then enter on its break downward. (conservative traders should wait for a break below the blue support before selling)
unless EURUSD breaks below our blue support, then a bearish movement would be expected
on H4: EURUSD is currently trading inside our red symmetrical triangle so we have two scenarios:
1- we are waiting for an objective break above the last swing that forms around the upper red trendline to buy
2- or we are waiting for a new swing to form around our lower red trendline to consider it valid and then enter on its break downward. (conservative traders should wait for a break below the blue support before selling)