As we see EURUSD have been consolidating since it broke yesterday, as of now it broke out the bearish trend line, there are possible two scenarios here;
1 - Market may bounce straight away, as i see the higher time frame momentum is still strong though the short term momentum is quite weaker.
2 - Market may fell sharply initially and then bounce testing the yesterday's lows.
As we know we have a big news to be released in an hour, so its pretty difficult sometimes to find the clear direction especially like today. My trading plan is to buy from yesterday's lows with just 1% of risk.
I wish everyone best of luck.
1 - Market may bounce straight away, as i see the higher time frame momentum is still strong though the short term momentum is quite weaker.
2 - Market may fell sharply initially and then bounce testing the yesterday's lows.
As we know we have a big news to be released in an hour, so its pretty difficult sometimes to find the clear direction especially like today. My trading plan is to buy from yesterday's lows with just 1% of risk.
I wish everyone best of luck.
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