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NavidDavani

EU price action speculation

Euro / U.S. Dollar (FX:EURUSD)  
NavidDavani Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines
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trendanalysis supportandresistance trendline
overall downward trend (yellow channel) now the question is whether the pair will go up to test the upper yellow TL or will descend after testing the median yellow dash line one criterion could be 1.1536, more criteria are to be discovered. www.tradingview.com/chart/lQIFPlOO/
Comment:
price reacted strongly to intersection of red line (1.1534) and median dash-line.
at the moment, scenario (2) is playing out. if it persists, we can go short after testing magenta TL. target is at 1.1309 which is a very strong support line (the low of 16 months)
Comment:
similair lower TL is being broken out downward in GU. waiting for confirmation and volume to enter short.
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