EURUSD could break down or it could break up. The choice is yours. Some may wish to take a controlled loss going short. Others will see a support or structure level and go long.
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Price is now into a structure area - and because I expect an attempt to retest the base of the H&S, a move north now is probable (which does not mean a prediction).
Your analysis seems very logical. For now, I'm still looking forward to tomorrow, because according to my strategy, it's still a wave cycle. If this is the case, a north turn is expected. Then it would take up the direction according to your analysis.
Captain_Walker
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@meszaros, My analyses are specific to a particular time frame. So daily stuff may well happen. As I always say, "If it moves I'll hunt it! If my prey moves north I go north. South, I go south."