It is basically almost the inverse of the USDCHF analyses I've just published (www.tradingview.com/v/vtwd0LW8/)
Which trendline will hold? Will it be the daily from 1,3700 to push price higher? If yes, then how high could it go?
Or will it be the 4 Hrs timeframe's downtrend to gove some support for EURUSD sellers?
Daily Slow Stoch zig-zag, but points more up, 4 Hrs Slow Stoch overbought, may turn down.
What a confusing setup! One thing we have to keep in mind. Generally always the higher time frame dominates!
My advise is try to find something else to play with, as from current level I do not see any good risk/reward trade in any directions. My biggest nightmare is always a non trending instrument. EURUSD looks like that now. Once it looks more bearish then more bullish, but in fact doing the Harlem Shake in an appr. 200 pips range can not be called a trend.
"Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons." - Jesse Livermore
Which trendline will hold? Will it be the daily from 1,3700 to push price higher? If yes, then how high could it go?
Or will it be the 4 Hrs timeframe's downtrend to gove some support for EURUSD sellers?
Daily Slow Stoch zig-zag, but points more up, 4 Hrs Slow Stoch overbought, may turn down.
What a confusing setup! One thing we have to keep in mind. Generally always the higher time frame dominates!
My advise is try to find something else to play with, as from current level I do not see any good risk/reward trade in any directions. My biggest nightmare is always a non trending instrument. EURUSD looks like that now. Once it looks more bearish then more bullish, but in fact doing the Harlem Shake in an appr. 200 pips range can not be called a trend.
"Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons." - Jesse Livermore