EURUSD is currently trading within a Potential Reversal Zone (Major support level).
We expect price to turn bullish in the near-term before hitting our TP 1, which is a resistance level. If price was to break further through the green trend line, we would expect it to move towards TP 2.
If price does not break TP 1, we expect it to continue on its downtrend towards Potential Reversal Zone 2, where another bounce may occur back to Zone 1.
A break through Potential Reversal Zone 1 would open up a short play towards Potential Reversal Zone 2.
We expect price to turn bullish in the near-term before hitting our TP 1, which is a resistance level. If price was to break further through the green trend line, we would expect it to move towards TP 2.
If price does not break TP 1, we expect it to continue on its downtrend towards Potential Reversal Zone 2, where another bounce may occur back to Zone 1.
A break through Potential Reversal Zone 1 would open up a short play towards Potential Reversal Zone 2.
