EURUSD Daily correction scenarios (details in comments)

FX:EURUSD   Euro / 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.

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

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out