Forex forecast/EUR/USD/ Our expectations:
The price reaches levels of horizontal and diagonal support. Price close to 200SMA, with 50/200 being in the bullish formation so the trend is is still active. Price action and breakout over the top of an inside bar for a probable upcoming upward pulse. DeM (14) reverses from a oversold zone and crosses above 0.3 - positive signal. SL 1,1810.
Alternative scenario:
A break below 200SMA will activate a Double Top formation and create preconditions for a short-term reversal of the trend.
Trader Nikolay Georgiev
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