EURUSD: Detailed Analysis & Outlook For Next Week 🇪🇺🇺🇸
Updated
Hey traders,
This week EURUSD was relatively slow.
The price was coiling within a narrow trading range and didn't manage to violate 1.167 structure resistance after multiple attempts.
Analyzing the structure and looking left a strong supply zone can be spotted.
1.166 - 1.169 is the area based on a recent historical structure & fib.confluence of the last two bearish impulses.
That zone can give us a very nice shorting opportunity.
To catch it with a confirmation,
wait for a breakout of 1.1615 - 1.1625 minor support.
It will be a trigger for us to short.
Initial goal will be 1.153
In case of a bullish breakout of the yellow zone, the setup will be invalid.
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Note
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