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  • Vasily Trader

EURUSD: Important Decision Ahead (Indecision)



hey traders,


⚠️EURUSD is currently trading within a very peculiar zone:

its upper boundary is based on the major rising trend line that the price broke in September and that currently serves as the resistance.

its lower boundary is based on the major falling trend line that the price has violated yesterday and that currently serves as the support.


for now, I see two equally possible scenarios:

🟢either we close above the upper boundary of the zone and continue growing to 1.1935 level

🔻or we drop below its lower boundary and initiate a short rally at least to 1.1705


for now it is hard to say exactly, which side the pair will select.

so I prefer to wait.

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