EURUSD: Two Scenarios to Short 🇪🇺🇺🇸

29 дек. 2021 г.

Hey traders,

⚠️EURUSD is trading in a bearish trend.
Reaching 1.113 - 1.119 support the price stopped falling and started to consolidate.

Here are two potential scenarios to catch a bearish continuation:

1️⃣ - Consider a bearish breakout of 1.113 - 1.119 underlined support. To confirm the breakout we need at least a weekly candle close below. Then shorting on a retest our next goal will be 1.075 level.

2️⃣ - In case of a bullish continuation, pay close attention to 1.16 - 1.176 supply cluster. Let the price reach that area first and then look for a confirmation to short.
Initial goal will be 1.12

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