EURUSD INTERESTING SETTUP TUG WAR OF BULLS AND BEARS

EURUSD GIVEN A BREAKOUT ABOVE 1.10 AND CONTINUOUSLY MOVING UP WITH GOOD MOMENTUM AND A GREAT RALLY IS WITNESSED LAST WEEK BUT HERE THREE CASE SCENARIO ARISES TO LOOK FOR

1. IT COULD TEST TO LEVELS 1.14581 AND RETRACE TO 1.1220 AS SHOWN IN FIRST ARROW(BLACK).
2. IT COULD BREAK THE LEVELS OF 1.14581 AND COULD HEAD TOWARDS NEXT LEVEL OF 1.17899 AS SHOWN IN SECOND ARROW(YELLOW).
3.IT COULD TEST THE LEVELS OF 1.14581 AND COULD RETRACE TOWARDS LEVEL OF 1.1220 AND AGAIN START NEW TREND BY BREAKING 1.14581 TO 1.17899 AS SHOWN IN THIRD ARROW(GREEN).


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