simply motivated to fill the gap i work with the desc triangle where price should reach the base line of triangle (bounce from upper triangle line possible!) and to go down rather complicatedly with possible swing or two on its way to fill the gap.
.(this is test)
this chart is strongly motivated by GAP hunting, before we can jump to fill the gap, there is flag and or small HaS forming which will potentialy require bounce from 1.318 area to attempt reach for the gap.
I work with descending triangle and descending wedge. as pictured we can assume we will bounce from wedge/triangle upper line and will move little below base to lower wedge line to break through long in some point at time (can't say).
.(this is test only)
After expected decline I expect some small possible move further down to 96.20 and bounce back to 97 for little break (or without) and move up further to 98 - 98.20. At 97 we can have decision making but there is only limited chance this would go short from 97.
As per my last chart, we were able to make it to 1.14, specifically to 1.142 with some possible space up to 1.144. After that I expect downward move to 1.13600 for possible short break and later on to possible 1.12. This downward move can be complicated by fundamentals from UK, EU but only temporarily. So overall I expect red week for eurusd.
As Per my last chart, we were able to reach 1.14, specifically 1.142 where we have space to go up to 1.144. I expect some downward movement until 1.13600 where we can have some break before next move downwards on euro dangerous 1.12. I expect red week for eurusd, however positive fundamentals (UK, EU) can temporarily complicate this decline.
test: eurusd is in some strong downtrend and although it may look like we trying to break the bottom to get back to previous upper positions, im leaving small chance for more downward motion. We might get down now, or at 1.136 or maybe later at 1.14, we will see how strong is the current reversal of eurusd.