We hit the decision zone. The multiple stochastics point to a possible end of the current downward correction. That does not say how much the price can fall even further. I note yellow lines that can work as support. The upper support and the lower support together form a possible deciding box. If the price falls further and the white trend line holds then the euro may continue the upward move in an attempt to retest the previous higher high. Breaking this white trend line just means the correction will go deeper before a new attempt to retest the previous higher high but does not mean it will achieve. At least I can't predict this at this time.
ความคิดเห็น:
Price followed the red dotted line and is now at key support as prefigured. Here euro can stabilize and reverse and will try to retest the previous high. Otherwise price will continue down more.
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
trade opened long
