2 Harmonic Trading Scenarios towards ECB
Updated
Bullish Scenario - Aggressive C
EURUSD holds above support:
1) The Fast MA line
2) 1.17-1.175 structure
As long as these support zones holds - Bullish scenario:
EURUSD will rally to 1.2 to complete a bearish harmonic pattern
Bearish scenario (AB=CD pattern)
As long as the 50 MA line holds as resistance.... potential downside that will lead EURUSD towards the 1.14-1.15 weekly support zone.
You can read more about EURUSD and these setups in this week's newsletter (#WEEKLYMARKETSANALYSIS on Twitter)
EURUSD holds above support:
1) The Fast MA line
2) 1.17-1.175 structure
As long as these support zones holds - Bullish scenario:
EURUSD will rally to 1.2 to complete a bearish harmonic pattern
Bearish scenario (AB=CD pattern)
As long as the 50 MA line holds as resistance.... potential downside that will lead EURUSD towards the 1.14-1.15 weekly support zone.
You can read more about EURUSD and these setups in this week's newsletter (#WEEKLYMARKETSANALYSIS on Twitter)
Note
EURUSD bounce from support.
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