Forecast for EURUSD on Week AUG 21 - 25

The price is in a significant Discount Zone in Daily timeframe, even so i think that the bearish movement in H4 has not yet concluded. I believe the price will continue dropping a little more until it takes liquidity from the July 6th Low. From there we will be looking for a Long entry Setup. For now, all that the price goes higher (retracement) is a chance to continue selling (Always qith its respective confirmation, of course). Happy Week and Good Trades to All!

Stay Tuned for updates....

Comment:

Price reaching the July 6th low target.... I'm gonna be looking for a LONG Setup

Trade active

Trade closed: target reached