💱 EURUSD - It's a stalemate. Falling or rising?
A stalemate! News ahead:
Prerequisites for the fall ↓:
1) False breakout and price consolidation below the channel resistance can send the price downward
2) A breakout of 0.382 Fibo may trigger a fall.
3) The price may reach the trend support as part of the correction
4) This decline may start on the background of bullish news in the US market.
Prerequisites for growth ↑:
1) Price is rising and consolidating above 0.236 Fibo and above channel resistance
2) Weak news for the US market will send the pair up to 1.100.
Prerequisites for the fall ↓:
1) False breakout and price consolidation below the channel resistance can send the price downward
2) A breakout of 0.382 Fibo may trigger a fall.
3) The price may reach the trend support as part of the correction
4) This decline may start on the background of bullish news in the US market.
Prerequisites for growth ↑:
1) Price is rising and consolidating above 0.236 Fibo and above channel resistance
2) Weak news for the US market will send the pair up to 1.100.
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