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PriceSpeakers
Aug 17, 2016 11:30 AM

Trap or actual market expansion? Today we'll know 

Euro Fx/U.S. DollarFXCM

Description


The price finally breaks its last peak but this can be a trap market.

I raised the bullish scenario in green on the price draws a slow contraction until the red line is the trendline fact that the price wanted to leave behind. Now she is returning on that channel but lack confirmation.

With the fundamental news britain today, the price can break with a new expansion looking for 1.1363 confirming the trap or return to the 1.1160

Comment

Tomorrow we will know which scenario will be fulfilled.
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