pro_vin618
Long

Possible scenarios of EUR/USD in next months

FX:EURUSD   Euro Fx/U.S. Dollar
In the weekly chart you can see price has been ranging within 1.1500-1.0500 since 2015 Q1. Pin bars showed strong resistance in blue area from 1.1350-1.5000.
And Bullish engulfing formed by previous 2 weekly candles can be seen close to 0.618 level.So crucial support area is 0.5-0.618 ratio, from 1.1066 - 1.0936.

If this region act as strong support, price may form a double bottom then goes up to retest the yellow trend line and blue zone, close to 1. 1400             .

If this region fails to support, pay attention to previous structures and key levels shown in the chart.

In the long run, both gartley and measured move( AB=CD ) are possible, depending on whether C point can come out.
So make a plan first then trade what you see!
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