EURUSD 2 Legged Upside and then Bear Trend Resumption
As its clear in the chart, price dropped strongly last week.
Odds favor sell climax on last downside move and after climaxes, usually reversals or trading ranges come.
2 bull bars, breakout + follow-through, 60%-70% probability for higher prices at least equal to measured move based on breakout height.
EURUSD may have 2 legged move and breaks the bear trendline, but its totally bearish and any upside movement will be sold by bears.
Odds favor sell climax on last downside move and after climaxes, usually reversals or trading ranges come.
2 bull bars, breakout + follow-through, 60%-70% probability for higher prices at least equal to measured move based on breakout height.
EURUSD may have 2 legged move and breaks the bear trendline, but its totally bearish and any upside movement will be sold by bears.