Padms
Short

EURUSD Daily correction scenarios (details in comments)

FX:EURUSD   Euro Fx/U.S. Dollar
So there's a reasonable expectation for the EURUSD             to correct after the huge rise seen these days. There are several old zones (suports and resistances) that could work, yet the H4 could prove evidence otherwise. Fundamental factors do in fact point to EURUSD             not getting back to the pre-draghi levels in my opinion, but it rather depends on the NFP data tomorrow and the elections outcome among other factors. If it rises further, there are also old resistances that could act before getting to the previous levels. Let's see how it untangles!
Comment: Hipothesis 2: bullish case H4

The present bullish MAs in the lower time frames could act as support, in this other scenario we have other resistances, yet I really think bulls should be a bit exhausted already, but anything can happen.

snapshot
Comment: Also, for hipothesis 2 (bullish) there is another case which connects with a previous trendline

snapshot
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out