EURUSD Sunday Forecast

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EURUSD Sunday ForecastEUR/USDOANDA:EURUSDDanTrades85It's been a while since I've posted a Sunday forecast, so lets take a look at EU heading into the new week. DAILY TIMEFRAME: I have two possible scenario's mapped out. Route 1 - Red Arrow. Price opens and moves lower, taking the previous daily/relative equal lows before retracing into the daily bearish FVG. From there, I'm looking for a potential continuation lower. Route 2 - Purple Arrow. Price opens and pushes higher first, taking out the previous days highs and rebalancing to our daily FVG. This being my HTF POI, I'd be looking for my opportunity to go lower. Looking at the weekly timeframe, we've had approx five consecutive weeks of bearish price action. My current bias is for further downside, with a previous weekly low and the monthly bullish FVG as potential areas of interest. For now, this is simply my HTF outlook. I'll be watching how price develops and looking for confirmation on the lower timeframe before considering any entries. As always, the bias provides the direction, but the model provides the entry.