EURUSD 2H Which Way Will It Choose?

٢٩ أغسطس

EURUSD has come into a potential Demand Zone based on 2H chart, but the question is: Will it bounce back up from here to the the Daily Supply Zone or will it keep pushing down to further support areas down below?

The answer is we need wait for additional confirmation signals to give us a hint on which direction the market will be heading, such confirmations might be found on lower timeframes. Two brief prediction paths are drawn on the chart.

Caution: Jobless Claims news release soon in less than 2 hours. Be careful trading around that time period.