EURUSD: Key Levels to Watch Next Week 🇪🇺🇺🇸

Hey traders,

Bearish rally continues on EURUSD.
From the beginning of summer the market lost more that 8% of its value.
It looks like bearish sentiment prevails.

Analyzing the structure here are the key levels to watch next week:

• The closest strong support area is 1.111 - 12 cluster.
  I will expect a pullback from that level.
  
  
• The next strong support is based on a low of 2020.
  1.062 - 1.073 is the area on focus.
  
  
• The closest resistance is based on a major falling trend line linking the last lower highs.
  I will look for trend following opportunities from there.
  

Wait until one of the key levels is reached and then wait for the confirmation to buy/sell.

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

Yorum:

Check my new idea on EURCHF: