EUR/USD is building a bullish flag (blue) in a descending trend channel. The upper Trend reistance of the bullish flag is confluencing with the bigger bearish channel (red).
Two possible scenarios.
1. EUR/USD will rebound on upper trend channel and hence will offer some good short entries
2. EUR/USD will break through the upper trend channel and create some nice demand for a long entry.
I will focus on a Long set up.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
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Two possible scenarios.
1. EUR/USD will rebound on upper trend channel and hence will offer some good short entries
2. EUR/USD will break through the upper trend channel and create some nice demand for a long entry.
I will focus on a Long set up.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
Update status
