EURUSD → check all possibilities

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hello guys...

as you can see.. after this pair makes a three-drive pattern, start a downward movement!

now this pair engulfed the last lower low!

so what can we do now?!

the first scenario is that this pair goes upper than the gray area and confirms an upward movement until the blue area!

the next scenario is that the price never goes higher than the gray area and remains in a bearish trend!

snapshot

let's see what is the price purpose!

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Note
if you check dxy you can see the dxy touched the top line of the channel so we can expect every pair against the USD to go up!

snapshot

this analysis confirmed the first scenario
Note
snapshot

In a short time frame, this pair touched the bottom line of a broken channel
Beyond Technical AnalysisChart PatternseuroEURUSDforexsignalsTrend Analysis

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