EURUSD TWO SCENARIOS AT PLAY!
EURUSD looks to be approaching a very important level (1.09910) of support,
We can see that on previous occasions prices takes 2-3 days to bounce of this level,
There are 2 scenarios at play here, either price can break this strong level and moves to the next area of support, or price can bounce from the 1.09910 level and move to the upside,
Patience is at stake here and we will wait to see what happens in the following days to come.
Please let me know what you think of this idea!
We can see that on previous occasions prices takes 2-3 days to bounce of this level,
There are 2 scenarios at play here, either price can break this strong level and moves to the next area of support, or price can bounce from the 1.09910 level and move to the upside,
Patience is at stake here and we will wait to see what happens in the following days to come.
Please let me know what you think of this idea!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.