EURUSD: Two Resistance to Watch Next Week 🇪🇺🇺🇸

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Hey traders,

As I earlier predicted, EURUSD nicely bounced from a key weekly support level.
Even though that Friday was quite bullish for the pair, you must remember that
the trend still remains strongly bearish.

To catch a trend-following move, here are two resistance for you to watch next week:
  • Resistance 1 is based on a trend line that the price started to respect since June.
    Serving as a strong support for a very long time it has been broken recently.
    Now it turned into a resistance and from that, I will look for a confirmation to sell.

  • Resistance 2 is based on a trend line matching the lower highs on a 3 days chart.
    Three times in a row we saw a strong selloff from that.
    Wait for its test and look for a confirmation to sell.


If you are looking for buying opportunities and you missed a pullback from the underlined blue support
I would suggest staying away from trading the pair for now due to a strong dominance of sellers.

❤️Please, support this idea with like and comment!❤️

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Check my new idea on EURNZD:
EURNZD: The Zone to Watch 🇪🇺🇳🇿
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