Daily EURUSD Forecast

Expecting maybe a last leg up on daily chart under the trend line again, where the chart will plot negative divergences after it has already managed to complete the bearish bat (by reaching the 1.618 extension of the December swing high). Other signals and important levels can be observed on this chart. Good luck, everyone!

Comment:

Ther chart has suffered some changes after it was published, like the markings on the oscilators... This is how the original chart looks like:

Cheers!

Comment:

Entered Long at 1.1089. Still expecting a new leg up on daily chart encouraged by the last 2 candle, targeting preliminarily to cca. 1.14 with SL at 1.1063, slightly under previous low on 4h:

15 mins chart setup for entry

Trade closed: stop reached:

Reached 10 pips under previous daily candle's low, which means scenario is in danger, still not enough enough to confirm its failure. Waiting for confirmation of failure or of a trap, no long will be taken as long as it is under 1.1067 during this 4h candle.