Hey traders,
Based on a price action analysis I see two potential scenarios for EURUSD next week:
- Bullish
Even though the pair is trading in a global bearish trend,
since November we see a correctional movement.
The market is steadily growing within a rising parallel channel.
Now the price is approaching its support.
For now we may expect a bullish movement from that.
- Bearish
The channel that we earlier discussed can be perceived as a bearish flag pattern.
Its support breakout will trigger a trend following move and a test of a current low.
I am still bullish and have a long position on EURUSD.
But be prepared for both scenarios.
❤️Please, support this idea with like and comment!❤️
Comment:
Check my new idea on GOLD:
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅