themarketzone

Two bearish scenarios and one strong bullish one

FX:EURUSD   Euro/U.S. Dollar
EURUSD             was pressed to the bottom of its Gartley pattern's PRZ (blue) last week.
The Dollar strength crashed the EURUSD             on Friday almost to the breakdown point - below 1.1.
If the Dollar's momentum will continue also on Monday, EURUSD             may break below 1.095 and continue lower towards 1.075-1.08 to complete a bigger bullish pattern (green) - Gartley pattern .

Pay attention to Draghi's speech on Monday and to ECB meeting this week.
I've marked two bearish scenarios for the week - The first is the breakdown scenario (trigger with a close below 1.095) and the other is following a short term bullish pullback.

THE bullish scenario for this week (and for the near term future) is the completion of a bullish Gartley near 1.08 should EURUSD             reach there

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