EURUSD has currently bounced from the black trendline, retested resistance perfectly. If the price continues to trade under that lvl, i think we might come to the previous lower low, for a break and retest set up.
But we also have emas crossed bullish, and made a lower low that hasn't been seen in a while, what conflicts me is that we just have that confluence for bullish bias, and its also counter trend. but if we get a clean bullish break out, the pink or even the green trendline could be tested.
But like I said, overall, if the price trades under the resistance, bearish it is.
But we also have emas crossed bullish, and made a lower low that hasn't been seen in a while, what conflicts me is that we just have that confluence for bullish bias, and its also counter trend. but if we get a clean bullish break out, the pink or even the green trendline could be tested.
But like I said, overall, if the price trades under the resistance, bearish it is.