What do we expect on EUR/USD
Hey traders, let's have a look on EURUSD Daily timeframe. All of the major news announcements finally finished so we can now start to look for the freshly charts , and maybe new market structure and behaviour. So daily timeframe. What can you see? Strong trend to the downside. There are two major key levels. Our support area at 1.1550-1.1530 and our resistance area is 1.1700. SO we got clear range between those two levels. Range roughly 150 pips. If we stepping down to 4H timeframe we can notice a HUGE bullish engulfing candle and clearly see a false breakout of the support level. So on the 4H timeframe I can find another and the last for now level of interest (this level is in the middle of the range) 1.1610-1.1590. So let's see how the market open on Monday and I will provide you with the further updates here. Anyway we are good for now. Cheers.
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.