EURUSD two possible scenarios from this point

٢٠ يناير ٢٠٢٣

EURUSD can go both ways here. If it breaks the 1.08700 area and loses above it, a buy at the zone is done with targets at the next test of the white trend line shown. However, going below the 1.07800 are and closing beneath it suggests a sell and continuation to the respective opposite white trend line specified in the chart as the next target. Although, MACD favours, generally, the sell off and bearish scenario of EURUSD. Trade carefully and keep attentive with this pair.
Details in chart.