EURUSD: Detailed Analysis & Outlook For Next Week 🇪🇺🇺🇸

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.

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

Yorum:

Check my new analysis on EURCHF: