EUR/USD - Structure Identification and Forecast
Recently seen EURUSD reject 1.21. This is in line with a key psychological whole level and where price has previously bounced from, either as support or resistance.
The red line is a potential price path.
We are awaiting some hawkish fundamentals for the USD to act as a potential catalyst to break this structure and find bears entering the market.
Use channels to identify trend. Don't take trades purely off trendline bounces - they can be very subjective and very retail!
The red line is a potential price path.
We are awaiting some hawkish fundamentals for the USD to act as a potential catalyst to break this structure and find bears entering the market.
Use channels to identify trend. Don't take trades purely off trendline bounces - they can be very subjective and very retail!
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