EuroUSD Weekly Bias prediction- 26 Nov 23
As the Euro took out the weekly BSL on the last week, & the DXY has not been taken out the SSL till now and consolidating, So there will likely 2 scenarios for the upcoming week.
1. As we didn't get any h12 closing above the weekly BSL so now price will likely to be neutral or consolidate until Dxy takes its final weekly SSL then the price will be bearish.
2. As there are weekly OB & Weekly FVG in the upside, if the price get H12 closing above the weekly SSL then the price will be bulish towards the weekly FVG & Weekly OB MinTH.
Weekly Bias: Bulish.
Monday: Bearish, Consolidate.
Tuesday: Consolidate,
Wednesday: Bulish,
Thurseday: Bulish.
1. As we didn't get any h12 closing above the weekly BSL so now price will likely to be neutral or consolidate until Dxy takes its final weekly SSL then the price will be bearish.
2. As there are weekly OB & Weekly FVG in the upside, if the price get H12 closing above the weekly SSL then the price will be bulish towards the weekly FVG & Weekly OB MinTH.
Weekly Bias: Bulish.
Monday: Bearish, Consolidate.
Tuesday: Consolidate,
Wednesday: Bulish,
Thurseday: Bulish.
Comment:
As the Price didn't able to reach its target, & DXY has been turned to bulish today, based on the DXY today's price for euro is bearish towards the daily volume imbalance left.
