EURUSD: Your Trading Plan For Next Week

OANDA:EURUSD   Euro / U.S. Dollar

Hey traders,

It turned out that EURUSD started to consolidate and trade in a sideways market.

The price is trading on a strong daily structure and stuck in a narrow horizontal trading range.

Now the future direction of the market will be determined by a breakout:
  • In case of a bullish breakout, I will expect a continuation to 1.204 level
  • In case of a bearish breakout, the price will most likely drop to 1.189

I am bearish biased and have an active short position.
But if you don't have any active position, it is better to wait right now.

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Comment: Check my new idea on CADCHF:


Are you bullish or bearish on EURUSD?
+1 Reply
lmulhare VasilyTrader
@VasilyTrader, Bullish, Thanks Vasily :)
Great Analysis... and agree with this 100%.

I am leaning to the bearish side and moved my position from bull to bear on Friday.

Of course if we have a breakout I will quickly reenter long.
VasilyTrader SwingTechTrader
@SwingTechTrader, thank you for support brother ☺️
@DESRAM, thank you for comment my friend!
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