Updated look on EURUSD
Price has broken above EMA's on daily chart.
4hr Chart is up
1hr Chart is up
So we follow the trend for now
I have placed 2 scenarios for what I believe is going to happen.
We have a double bottom touch in consolidation box, so that telling us that price couldn't push lower for the time being.
Its possible for price to push down to scenario # 1because its on a short term bearish push. If price holds up again in CB box we will wait for it to break trend line and retest CB box (Scenario#2) to place buy entry.
Price has broken above EMA's on daily chart.
4hr Chart is up
1hr Chart is up
So we follow the trend for now
I have placed 2 scenarios for what I believe is going to happen.
We have a double bottom touch in consolidation box, so that telling us that price couldn't push lower for the time being.
Its possible for price to push down to scenario # 1because its on a short term bearish push. If price holds up again in CB box we will wait for it to break trend line and retest CB box (Scenario#2) to place buy entry.