EURUSD Analysis (ongoing thread)

TareqS said:
The pair looks very bearish again. As of writing, the current H4 candle is traded below consolidation support. It means the pair may remain bearish until it finds its next support.
Click to expand...
yes... until the bottom is visible at all... bears are pressing
 
The pair after making a strong bearish move, it may make a bullish correction. It is traded around 0.95500 area. It may head towards the North for a while. However, the buyers are to be very careful to go long in the pair.
 
The pair produced a bullish engulfing candle at 0.96500 level. The buyers may wait for the price to consolidate and produce a bullish reversal candle to go long in the pair. The pair may go and check the level of 1.00000 again.
 
It looks very bullish to me now. It consolidated and made a bullish breakout at consolidation resistance. The price may go towards the North now.
 
The pair made a bullish move in the H4 chart. It made a bearish correction and found its resistance around 0.97600. It may produce a Double Bottom here as well. If that happens, then the buyers may push the price towards the North again.
eurusd.png
 
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