EURUSD rejected last week the 1.20 psychological level. Today we can see a breakout of a 1H-4H trend. So, a bearish movement till the prime trend is expected.
Then, two possible scenarios could happen.
Scenario 1: Correction till the prime trend. Breakout of the correction and bullish rebound.
Scenario 2: Breakout of the prime trend and bearish movement till weekly support.
Let's see how it develops.
Then, two possible scenarios could happen.
Scenario 1: Correction till the prime trend. Breakout of the correction and bullish rebound.
Scenario 2: Breakout of the prime trend and bearish movement till weekly support.
Let's see how it develops.