Hello dear Traders.
Looking at the eurusd for the next week, I am between two possible scenarios. Either the price action will continue the fresh trend by giving LL and LH respecting the descending trend line and will be a short opportunity after the break-retest of demand zone of 0.97638 searching for the yearly lows of EU.
Or it will form a new structure consisted of HH - HL breaking the bearish trend line and coninuing according to the new one heading to the nearest strong supply zone.
Waiting for your comments.
Good Luck
Looking at the eurusd for the next week, I am between two possible scenarios. Either the price action will continue the fresh trend by giving LL and LH respecting the descending trend line and will be a short opportunity after the break-retest of demand zone of 0.97638 searching for the yearly lows of EU.
Or it will form a new structure consisted of HH - HL breaking the bearish trend line and coninuing according to the new one heading to the nearest strong supply zone.
Waiting for your comments.
Good Luck