FX.co ★ EUR/USD

Good day to all respected forum members! Regarding the currency pair EUR/USD, yesterday we managed to reach the level of 1.07280 and experienced a decent bounce from it on the US GDP news. However, by the end of the day, we were brought back to the starting point. For now, my bearish scenario is still valid, and the breakthrough of 1.07280 is not expected yet. Therefore, from the current positions, I am waiting for another bearish move, maybe even with a retest of the local minimum. Only after that, I will start considering a bullish scenario targeting the level of 1.08400. If we break above 1.07280, the medium-term bearish trend will turn into a bullish one, but again, we will need to see many zigzags to confirm the upward movement.