EURUSD is current trading below the major trendline. i predict that it will not close below the trendline and price will move up 170 - 250 pips within two days (29th and 30th dec) before the current month candle closes.
there is just simply not enough momentum for the pair to close below the trendlines.
traders with sell positions take caution.
if EURUSD closes above the M1 trendline as mentioned, bullish reversal may be in place, look for action within the w1 and d1 chart.
there is just simply not enough momentum for the pair to close below the trendlines.
traders with sell positions take caution.
if EURUSD closes above the M1 trendline as mentioned, bullish reversal may be in place, look for action within the w1 and d1 chart.