Two possibilities for EU, ECB is now in cotroll
Traders,
We have a big event for ECB later today.
Now EURUSD is so confusing to traders,
which is really common beofre such a event.
Not sellers or buyers want to make a move first before
knowing the enemies' move.
Back on this chart, one thing all traders can not ignore is
that price is still under the purple trend line.
Every time, EU hit back from the neck position.
And clearly that a 5-wave ABCDE WAVE is still a possibiltiy
to concern. Price could choose uptrend again, making a double top,
or drop down deeper before making a different double top.
Now its all on ECB.
Less is more!
We have a big event for ECB later today.
Now EURUSD is so confusing to traders,
which is really common beofre such a event.
Not sellers or buyers want to make a move first before
knowing the enemies' move.
Back on this chart, one thing all traders can not ignore is
that price is still under the purple trend line.
Every time, EU hit back from the neck position.
And clearly that a 5-wave ABCDE WAVE is still a possibiltiy
to concern. Price could choose uptrend again, making a double top,
or drop down deeper before making a different double top.
Now its all on ECB.
Less is more!
Comment:
Comment:
check the chart above, EURUSD still has a trend line to challege.
Comment:
Comment:
Comment:
now EURUSD is testing the support zone.
Please ignore the setup information ,
that has nothing to do with EU.
Please ignore the setup information ,
that has nothing to do with EU.
Comment:
The power of the trendline.
