I think this scenario could be possible if the FED's statement will be hawkish ...tomorrow.
I mean ... next rate hike in december this year & 2 or 3 hikes next year.
Max rise up level for Euro is yellow circle regio. TL, 100% Fibo and SZ. Then down.
But I think that reverse is more probable at level 1,185 ...earlier.
At 15.01.2018 quatation tried break up resistance created by the low range of the 11.2014 candle TF 1 Month.
Now we've got little correction.
But we've got also a strong bullish chanel built from june last year.
So ... we have a few SZ's from 1D TF & resistance lines on the way up! this year.
And one pink TL.
But I think zones and all that stuff could be only a...
After toaday's TL break-down looks like quatation tries to make double bottom - level 10700 ? But I think, it not gonna make it.
BTCUSD can bounce up only when it will reach red circle regio. There is 50% Fibo retracement from "0" level to HH last year 17.12.2017. We've got there upper range og DZ from D1, 78% tren based Fibo extension & psychological barrier...
After false breakout at 04.01.2018 in D1 - that was a second try at 1,2090 to go up! - but at last instrument can't breakup level 1,21 ...I think we have now correction.
If quotation will break down EMA 20 depreciation could be faster.
EURUSD could fall down to "red circle" regio. Ther is 100% trend based fibo extension & DZ from D1 & TL (bull channel bottom...
First scenario: Up! to around 19400$ (white circle) Max 20000$ ( psychological limit & resistance ).
Negation of this scenario: BTC will go down, will break lower limit of the channel & 38% FIBO.
Second scenario: The beginning of the correction - down to around 14956$, this is support line between bodies of two W1 candles and upper...