Potential Change of Direction for Euro? Bears could have control

EURUSD Hey guys - hope all is well.

The markets have been crazy recently especially throughout the whole entire week, Euro was stressed as it was very indecisive and couldn't really see a clear picture until today's closure.

Earlier in the week we had bullish momentum, however rejected weekly moving averages, resulting in pushing price down dramatically, nearly pushing it down to it's previous weekly opening price.

My first Euro bias was honestly to see price hit it's weekly order block, below you'll see a picture:


As you see price traded into my highlighted zone which is where price rejected weekly moving averages, I believe what we witnessed was a fake-out to entice the retail side to buy - which it certainly did for the retail aspect, including myself temporary, although I did have this thought in the back of my head.

Based off of current price action, our weekly moving averages are showing more bearish momentum alongside with a few other fundamental factors.

This will be final bias, I believe the Euro will hit 1.14 level, I do not have an exact level - but it will trade within this general range. I hope this analysis clears up it's future movement and where the Euro is bound to hit next.

The lowest I see Euro going is: 1.11742. Trade wisely.

A lot of accounts were blown this week most likely, I hope you guys were on the right side of the market.

Until next week, have a great week.