AliSignals

EURUSD Weekly timeframe analysis

FX:EURUSD   Euro / U.S. Dollar
Picture of one of my analysis is on the bottom-left. I think the pair will continue path number 2!

The green line in the chart is High of highest volume candle and it is a great support now!
As you can see price reacted to that level and a potential bullish channel is about to be created!

The short term ascending trend-line is broken and after a reversal and a retest, that may last between 2 to 5 weeks, we will see the price will continue it's way to top of descending channels.
There might be sever fights between bulls and bears around top line of red channel.


Feel free to comment and take a look to my related idea.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.