EURUSD: Two Scenarios

18 Eyl 2019

hey traders,

EURUSD is currently consolidating within a wide trading range.

from one side we have a sequence of two strong rejections around 1.093 level
from the other we have significant resistance level.

no matter what the news are, we should be focused on a daily candle close.
if it closes below the support, bears will push the market lower stopping out the majority of buyers,
if it closes above the resistance, we will see a bullish rally to higher structure levels.

*this idea is labeled as short, because of the current market trend

good luck!