FX:EURUSD   Euro / U.S. Dollar
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Alright so in this article.I am gonna share my view and what i think the possible scenarios for the next Euro/Dollar moves are gonna be.So we broke out of the T.L support from Feb 1st 2016 from where the big 500 + pips move began.That makes the pair bearish in the short term.We got short term bearish channel in which we may see the price in move for a while.Under it we could see a few pull backs and then continuation lower perhaps if it holds.Now where it gets interesting is if we get a nice bullish breakout and follow through with it which in my opinion would lead us to another 200-400 pips move to the upside if it can move back above the upper half of the bigger bullish channel .Now if that doesn't happen we get another opportunity to go long on this pair and that would be if it lands into the support zone highlighted in 'RED' which is right under the 1.10 around the 1.0944 area..... lets say this scenario comes into play.This is another 300 pips move to the upside.KEEPING IN MIND 1.10-1.09 is the required zone which needs to hold for this to happen.Which brings us to the final scenario let's say the Bullish medium term channel is broken We will be bearish from there and target 1.08 - 1.05
i think you are too young, but your chart have many experiences behind the scene good job. .
+1 Reply
Trader_97 PooyaSalehipour
why, Thank you :) .I appreciate you taking the time to look at my work :)
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