EURUSD - Daily - A bit of space left for a further correction
Updated
Quick idea.
Last week we saw EURUSD declining, but it didn't quite reach the upside line. There is still a bit of room left for a further correction, but if that upside line continues to hold, then we may see the bulls re-entering the field.
If the line breaks and we see a daily candle staying below 1.1066, this might increase the pair's chances of a further drift south.
Please see the chart for details.
Don't forget your stop-loss.
Last week we saw EURUSD declining, but it didn't quite reach the upside line. There is still a bit of room left for a further correction, but if that upside line continues to hold, then we may see the bulls re-entering the field.
If the line breaks and we see a daily candle staying below 1.1066, this might increase the pair's chances of a further drift south.
Please see the chart for details.
Don't forget your stop-loss.
Note
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