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Feb 9, 2021 10:40 AM

EURUSD 2 POSSIBLE OUTCOMES. THE CHOICE IS YOURS... 

Euro Fx/U.S. DollarFXCM

Description

THERE ARE STRONG RESISTANT LEVELS. BULLISH MOVEMENTS TOWARDS THESE RESISTANT LEVELS. DEPENDING ON STRUCTURE IF CANDLES DO NOT CROSS BACK OVER THERE IS STRONG POTENTIAL FOR A UPWARD CONTINUATION. TECHNICAL ANALYSIS ONLY. BASED ON FUNDAMENTAL ANALYSIS,STIMULUS IN THE US COULD DRIVE THE DOLLAR PRICE DOWN ONLY CAUSING MAJOR GAINS FOR CURRENCY I.E GBP, JPY, AUS, CHF AND CAD. HAVE A LOOK AT CORRELATION BETWEEN COMPETING MARKETS AND MAKE YOUR DECISION, I AM WAITING ON EITHER BREAK OF STRUCTURE OR STRONG BULLISH CANDLE / HAMMER. (DISCLOSURE THIS IS NOT A SIGNAL THIS IS JUST A PERSONAL INTERPRETATION OF MARKET MOVEMENT)
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