Will EURUSD Make a new Lower low?
Hey traders,
As we all know that we are consolidating on eurusd pair for a very long time. You can see it in below image (shaded area)
But we can clearly see that in that consolidation area the sellers weren't strong as they are right now. Last push from sellers are so strong that it is full of bearish candles.
What I am expecting that either this strong push (current push down) is going to break the strong support level if not then we need some struggle from the buyers on 4h chart in total 3 retracements as shown in pic below then after the retracements / pullbacks sellers will continue to go down.
Scenario no. 1
Scenario no. 2
As we all know that we are consolidating on eurusd pair for a very long time. You can see it in below image (shaded area)
But we can clearly see that in that consolidation area the sellers weren't strong as they are right now. Last push from sellers are so strong that it is full of bearish candles.
What I am expecting that either this strong push (current push down) is going to break the strong support level if not then we need some struggle from the buyers on 4h chart in total 3 retracements as shown in pic below then after the retracements / pullbacks sellers will continue to go down.
Scenario no. 1
Scenario no. 2