The main plan: to sell EURUSD from the level of 1.1350 with the target of 1.1200.
The reasons:
Obvious seller’s initiative.
The EURUSD exchange rate moves the price corridor: 1.1300 - 1.1500.
Probability: 60% (average)
Reserve plan: buy EURUSD in the zone: 1.1350 - 1.1400.
The reasons:
EURUSD is held in a narrow corridor, so now there is no clear trend. The ideal situation is for both sides, like swing traders.
If there is an initiative of buyers.
Probability: 40% (average)
The reasons:
Obvious seller’s initiative.
The EURUSD exchange rate moves the price corridor: 1.1300 - 1.1500.
Probability: 60% (average)
Reserve plan: buy EURUSD in the zone: 1.1350 - 1.1400.
The reasons:
EURUSD is held in a narrow corridor, so now there is no clear trend. The ideal situation is for both sides, like swing traders.
If there is an initiative of buyers.
Probability: 40% (average)