EURUSD drops drastically, now the movement already close to hundred percent, usually if the price move sharply, it will retrace before continuing to major trend
EURUSD already move retracement and now the price landing at 1.18348. H1 formed equilibrium zone, in this scenario-based technical trading theory, if price breaks high will uptrend, meanwhile if price breaks low the trend bearish. based Elliot wave theory, now price at high and possible to drops
The price drops and land in the Middle range, based on price history, the support zone on level 1.17736, now H1 formed bulls pattern
but still, beware of possibilities to drops
Today morning there is no gap that occurs in EURUSD, the price look at normal movement, maybe the market on Saturday and Sunday market. there are no significant volume transactions in the market, today market still possible for the price move on a daily range market
EURUSD still moves on the daily range market, the possible high level may reach 1.18400, and the possible low 1.17625
now the price on the middle range, the risk is still so high because the trend is still undefined.
EURUSD still moves on the previous daily range, the volume is so weak, although formed a bullish candle, it has not yet formed a new high, still so hard to determine the trend, but based on weekly, the trend still tendencies to bearish.
The price move formed a new high on the previous candle daily, but now the price seems in the correction phase, and possible this zone as resistance area, expected the pair will bounce back to drops.
The price eventually drops but then there are bulls pressure and success to form a new high, after that the price back to drops again and now landing at support zone level 1.17722, if this zone cant breakout, the possible price up again.
Today morning, there are small gap has occurred in EURUSD, the pair then move to recover the gap, now the price formed two bullish candles on H1 1.17850 as the first target.
EURUSD formed bullish candle yesterday, now the price is already on the top level, there are two scenarios on this market condition
it's probably the price will drop again, but later if break high possible continue to rise.
