EURUSD has consolidated 200pips to 11715 within the 1st consolidation zone of 11730-11700
as long as it is below 11823 it could be consolidating and then break lower below 11715
On the break of 11730-11700 expect:
11638 +/-(15pips), 11586 +/-(15pips) or 11527+/-(15pips)
Above 11823 the upper resistance zone would be active:
11840-11860 and above here 11890-11910.
Break above 11910 then 12100 zone exceeding 12100 then 12575 will be next.
Short term downside probable but caution warranted as upside probable too.
as long as it is below 11823 it could be consolidating and then break lower below 11715
On the break of 11730-11700 expect:
11638 +/-(15pips), 11586 +/-(15pips) or 11527+/-(15pips)
Above 11823 the upper resistance zone would be active:
11840-11860 and above here 11890-11910.
Break above 11910 then 12100 zone exceeding 12100 then 12575 will be next.
Short term downside probable but caution warranted as upside probable too.
