EURUSD has formed a second wave of uptrend, similar in volume to the previous wave, and has found resistance at a significant supply zone this week.
As bearish as USD is right now, it is about time for a pullback / correction, thus we should wait for a consolidation pattern or a retest of previous low before continuing to buy EURUSD .
This week, we should see EURUSD range for a few days, similarly to the previous consolidation, before breaking current high.
Look to buy EURUSD again once a support structure has been formed.
As bearish as USD is right now, it is about time for a pullback / correction, thus we should wait for a consolidation pattern or a retest of previous low before continuing to buy EURUSD .
This week, we should see EURUSD range for a few days, similarly to the previous consolidation, before breaking current high.
Look to buy EURUSD again once a support structure has been formed.