EURUSD ! A stalemate. What's next? Long or short? 🙈

15 ส.ค. 2022

EURUSD is developing an interesting situation, where it will be quite difficult to make the right decision. It is necessary to wait for the market to show the most obvious set-up.

The stalemate situation is developed by the fact that the price makes a false break through the resistance of the global downward channel, but earlier the price breaks through the resistance of the formed triangle and forms a rollback to this boundary, in addition the price forms a local upward channel, which at the moment plays the role of a correction movement.

I assume that from the upper border of the channel there can be a growth to the resistance of the range, and then we should expect the development of the situation. Either break-down of the resistance and further growth to 1.0587, or false break-down and consolidation below the level, followed by downfall to the range support.

Regards R. Linda!