In yesterday's analysis, I expected EU to probe back into the descending channel, which was exactly what the market performed. In today's trading session, I will be looking for short-term buying opportunities. Two scenarios that I am looking at
1. If EU finds further bullish momentum, that indicate that the breakout of the descending channel was a probe (Bullish)
2. If bearish momentum steps in, that could expose 1.1767 area as the next support zone (Bearish)
The higher timeframe picture remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If EU finds further bullish momentum, that indicate that the breakout of the descending channel was a probe (Bullish)
2. If bearish momentum steps in, that could expose 1.1767 area as the next support zone (Bearish)
The higher timeframe picture remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.