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TradingManagr

EURUSD wait wait wait

Euro / U.S. Dollar (FX:EURUSD)  
TradingManagr  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD
5
0
trendanalysis chartpattern eurusd
Rate is stuck between the (descending) monthly trend line and the (ascending) H4 trend line.
We can possibly have a range for 1 week. Personally I will wait until next contact with Trend Line H4.
Scenario 1 : Trend Line H4 break -> SHORT
Scenario 2 : Trend Line H4 hold -> LONG
Scenario 3 : No contact with trend Line H4, rate is up before that -> Nothing
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