forexdr
Note: Please make your own analysis beforehand. This is just a prediction, not a trade setup.
We have a big bullish trendline. However, we also have a bearish (hourly) trendline. Both trendlines crossed forming a triangle. So that leaves us with 2 options:
1. It will go higher and pass the bearish trendline, then having a pullback and continue going up, hence starting a new bullish trendline hourly.
2. It will hit the bearish trendline and continue to drop, possibly breaking the daily bullish trendline.
On the other hand, EUR had quite good news today (economic callendar). In my opinionI'll stand neutral & wait for the trendline hit(s) and depending on that just follow the trend.
Note: Please make your own analysis beforehand. This is just a prediction, not a trade setup.
We have a big bullish trendline. However, we also have a bearish (hourly) trendline. Both trendlines crossed forming a triangle. So that leaves us with 2 options:
1. It will go higher and pass the bearish trendline, then having a pullback and continue going up, hence starting a new bullish trendline hourly.
2. It will hit the bearish trendline and continue to drop, possibly breaking the daily bullish trendline.
On the other hand, EUR had quite good news today (economic callendar). In my opinionI'll stand neutral & wait for the trendline hit(s) and depending on that just follow the trend.
Comment:
well, it passed the bearish hourly trendline, had a pullback (as the image showed), and there we go on a bullish hourly/daily trend again #closed