EU price action speculation

22 oct 2018

overall downward trend (yellow channel) now the question is whether the pair will go up to test the upper yellow TL or will descend after testing the median yellow dash line one criterion could be 1.1536, more criteria are to be discovered. tradingview.com/chart/lQIFPlOO/

22 oct 2018

Nota

price reacted strongly to intersection of red line (1.1534) and median dash-line.
at the moment, scenario (2) is playing out. if it persists, we can go short after testing magenta TL. target is at 1.1309 which is a very strong support line (the low of 16 months)

22 oct 2018

Nota

similair lower TL is being broken out downward in GU. waiting for confirmation and volume to enter short.