Euro / U.S. Dollar
Short
Updated

EURUSD Weekly outlook for week 32 August 2023

127
We could be at a turning point in the H4 context, potentially heading for the H4 BoS at 1.12766.

Currently the H1 and M15 are bearish so I will be looking for sells until we get a closure above 1.10475 on the M15 or even better, the H1.

I think the M5 will give the first clues due to it currently interacting with an H1 zone, I will publish another idea for my outlook for Monday/Tuesday
Note
Consolidation stifled any real movement this week so I will move a similar forecast over to next week. Price has made an effort to move towards the H1 BoS, sweeping liquidity from the previous lower high and making a move to the downside. There is an M15 demand zone I expect a reaction from but I will detail that in a forecast

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