Eur/Usd Weekly Analysis 11/08/21
Eur/Usd is going to be a bit more complex to analyze this week but in my perspective, I am not really 100% bullish or bearish I have price moving onto the trend line around 1.58 to then maybe drop a couple pips before shooting up to 1.61/62 to fill some imbalances from the higher time frame move we had last week. But then after that it gets a bit complex weekly has establish a new lower high and lower low where investors and traders will have their sl set above this area at 1.67. And as we should know a new LL or LH doesn't mean price is going to continue in that direction. This makes me a bit skeptical as on the daily as welI , I believed could've crashed last week but instead grabbed a previous Daily low and closed above leaving me wondering if we would continue lower. The 2 different colored arrows are two possibilities I see on EU this week. This week may be a bit more complex to understand but we manage risk and adapt everything will turn out in our favor. Im out gang-- love!
-----------------
Go hit a follow on my parter-one of the best traders I know
AlphaNarekD
-----------------
Go hit a follow on my parter-one of the best traders I know
AlphaNarekD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.