EURUSD Daily Analysis

Scenario:

There is a bearish BOS on the daily. on the bearish impulse, price is currently testing the BOS neckline and the global bearish trend. As it looks structurally, it is ranging and I need to be patient and see where price heads. A selling absorption has been seen and I will keep looking out for a bullish BOS for the Bear impulse retest.

Expectation:

I expect price to continue down from the neckline to test the ST on the weekly and monthly. I will only consider to go bullish when I see the impulse move and look for the retest entry.


Comment:

Keep track of EURUS on lower time frame until the expectation here is met.