EURUSD Projections week of 8/12

11 août 2019

EURUSD

Range tendencies
Near long-time lows
Price currently at very respected level
Bull flag
High structure relevance

Look for price to either make a move straight up into the depicted resistance level, or a dip down to the support level followed by a push up. Looking for immediate confirmation of move. Look for break of flag pattern to enter immediate long. Look for high-test candles to form in support zone to signal long entry.

If bull move does not happen, look for break and close beyond structure lows to signal short position. Price is not currently trending, so no trend continuation opportunities are present.