Description
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EURUSD is now trading below the strong horizontal level in a bullish triangle, while also forming a potential double top.
This mix of conflicting signals gives us a plethora of scenarios.
Scenarios:
Scenario1-bearish within the triangle. For then to retest the resistance and possible breakout up.
Scenario2-Which could be a continuation of a scenario1-a bullish breakout of the triangle and the resistance.
Scenario3-which is consistent with the resistance short, is the bearish triangle breakout.
Here are the possible ways of the near future EURUSD behavior.
Thank you for reading, and have a nice day!