It seems that the EUR has been exhausted and USD will take over.
current price range is in 15min (1.10070 - 1.09720) if price manage to break the lower key level it will burst down to the 4H lower key level as a target.
if this happens LONG position will be under 4H key level and we need to wait for it to circle its way back up.
and we can take SHORTS in this new range if it breaks 1.09720 15min range.
current movement and possible scenario this US Session:
1.) 15min in impulse position, the 5min is in pullback to facilitate the 15min continuation to break up a new high. we can take long in the 5min pullback. taking a target above (1.10950)
or
2.) it will drop below 1.09720 and we can take the continuation 5min ranges or we can wait for the 15min pullback to utilize the pullback of 4H to the downside breaking a target of (1.09089).
current price range is in 15min (1.10070 - 1.09720) if price manage to break the lower key level it will burst down to the 4H lower key level as a target.
if this happens LONG position will be under 4H key level and we need to wait for it to circle its way back up.
and we can take SHORTS in this new range if it breaks 1.09720 15min range.
current movement and possible scenario this US Session:
1.) 15min in impulse position, the 5min is in pullback to facilitate the 15min continuation to break up a new high. we can take long in the 5min pullback. taking a target above (1.10950)
or
2.) it will drop below 1.09720 and we can take the continuation 5min ranges or we can wait for the 15min pullback to utilize the pullback of 4H to the downside breaking a target of (1.09089).