WEEK 04: EurUsd

EurUsd idea had played perfectly last week. It has touched the resistance/range high to the pip and followed by a quick and massive sell-off. I would like to see the price hit that projected "eye" this week.

There are two scenarios:

1) the price can rally up to 1,11300 where we have our black horizontal line (range low) and sell-off. Next area of interest at 1,10200-1,1000. You should here to get out of the shorts or pay for yourself and wait for reclamation if there will be enough support if so, you can long here

2) the price can continue and swept lows first, area 1,10200-1,1000, then I will look at our range low (be careful I mean range low here HTF Range low at 1,10200 level) to see if price can reclaim it as support if so, then I will long it, if not, I will add into my shorts once again