EURUSD → check all possibilities

hello guys...

as you can see.. after this pair makes a three-drive pattern, start a downward movement!

now this pair engulfed the last lower low!

so what can we do now?!

the first scenario is that this pair goes upper than the gray area and confirms an upward movement until the blue area!

the next scenario is that the price never goes higher than the gray area and remains in a bearish trend!

let's see what is the price purpose!

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Kommentera:

if you check dxy you can see the dxy touched the top line of the channel so we can expect every pair against the USD to go up!

this analysis confirmed the first scenario

Kommentera:

In a short time frame, this pair touched the bottom line of a broken channel