EURUSD seems to be exhibiting a rally, relative to its recent downtrend. If it completes a 38.2% to 50% retrace, it would also exhibit a band squeeze. A continuation of the downtrend should be expected if it bounces out of the marked entry zone.
Comment
⋅
On course to the entry zone.
Trade active
⋅
TP1 hit, looks like it's on its way to TP2.
Trade closed: target reached
⋅
TP2 triggered. EURUSD may drop further to 1.171 or 1.170 after this pullback.