EURUSD: Intraday Possibility

EURUSD: Intraday Possibility

EUR/USD OANDA:EURUSD


Awaiting to see what happens here:
– We could either have a break of the current market structure to the upside roughly around the -1.272 fib retracement of the previous leg to the downside (maybe slightly less due to market structure).
OR
– A break below the CTL and a continuation of the bearish momentum to the downside. We should be looking for a fib extension of 1.272 – right near a monthly/weekly resistance level .