Tradingwithtamil

EURUSD: Which one will be the Valid Probability?-BULLISH.

Long
FX:EURUSD   Euro / U.S. Dollar
Hello traders,

On a daily basis, EURUSD ready for a reversal from the current trend. Regardlessly, a reversal from 1.13062 attempted to equalise the last month drop, but the break off failure geared the price range in the downtrend. In spite of the reversal failure the price range likely has a possibility for throwback action from the current trend.

Meanwhile, the pair has two stable probability for the next move,

USD domination might pull the price range to 1.15054 flatten support and a throwback action from the support.

Or else, the chart may print a reversal candle from the current zone in order to fetch the quote 1.21458.

Alternatively, if the USD domination continues in the market no more reversal or throwback action after the 1.15054, end the trade @ 1.13062.

Wait for the price range reversal and decide your trade.

Hit like, comment and follow for more updates.

Happy trading.
Trade closed: stop reached

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