EURUSD: Close To a Strong Support Zone
EURUSD is close to a strong support zone.
Even though the ECB didn't cut the interest rates we saw EURUSD following the bearish scenario I explained earlier.
The price broke out from the structure opening the door for more downside.
However, we should be careful because EURUSD is already very close to a strong support zone and the bullish volume may suddenly increase.
Both scenarios are possible at this moment considering that the prise is inside a strong daily zone. It has to develop more for a clear reversal zone but it should be ready soon.
You may find more details in the chart!
Thank you and Good LucK!
EURUSD is close to a strong support zone.
Even though the ECB didn't cut the interest rates we saw EURUSD following the bearish scenario I explained earlier.
The price broke out from the structure opening the door for more downside.
However, we should be careful because EURUSD is already very close to a strong support zone and the bullish volume may suddenly increase.
Both scenarios are possible at this moment considering that the prise is inside a strong daily zone. It has to develop more for a clear reversal zone but it should be ready soon.
You may find more details in the chart!
Thank you and Good LucK!
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