EURUSD: Detailed Technical Analysis For Next Week 🇪🇺🇺🇸
Hey traders,
Very peculiar situation on EURUSD at the moment.
Analyzing a daily chart, we can see that the pair is currently stuck between a wide horizontal supply area
and a demand zone based on a rising trend line and a horizontal structure.
Depending on the reaction of the price to these structure, I see 2 potential scenarios.
1. If the price breaks and closes above 1.054 - 1.0655 zone,
a bullish trend continuation will be expected.
Next goal will be 1.077
2. If the price breaks and closes below 1.041 - 1.047 zone and a rising trend line simultaneously,
a bearish movement will be expected to 1.033 support.
Wait for a breakout, traders. That will show you the future direction of the market.
What do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.