On Friday, EURUSD had a U turn found a 2 times tested VERIFIED SUPPORT level @1.16643 . It has shown a severe rejection breaking an initial weak resistance level formerly founded @1.17010 .
Again, price just stepped out of the second drawn TREND line.
POSSIBLE MARKET MOVES
Currently the price is moving towards an untested RESISTANCE level formed on 18th of this month @1.17381. We predict definite reversal at this point.
EURUSD is still on downward trend irrespective of the short breaks.
Therefore, wait for a reversal to pick your entry point and observe your risk management !
Again, price just stepped out of the second drawn TREND line.
POSSIBLE MARKET MOVES
Currently the price is moving towards an untested RESISTANCE level formed on 18th of this month @1.17381. We predict definite reversal at this point.
EURUSD is still on downward trend irrespective of the short breaks.
Therefore, wait for a reversal to pick your entry point and observe your risk management !