EURUSD
Preference:
An analysis of EURUSD reveals that the bears retain control as the price continues to adhere to the downward trendline. Over a period of several days, the price consolidated on the four-hour time frame, but a recent move led to a downward breakout from the range's support level, and the price is presently reassessing that area. In the event that the price fails to break above this support level and achieve a significant-close, a retest of the double bottom at the lows may be possible.
Alternative Scenario:
Based on my analysis, the current market situation in this area is quite unpredictable and volatile. The lack of sufficient support makes it difficult to identify any reliable buying opportunities. However, after careful consideration, I have concluded that the safest approach to making a purchase would be to wait for a retest of the double bottom at the lowest point before entering. This would provide a more stable and secure entry point for any potential buyers.