VasilyTrader

EURUSD: Structure Analysis

Short
FX:EURUSD   Euro / U.S. Dollar

Monday's signal went well and we see a bullish continuation on eurusd.
it looks like the market participants still take the boundaries of a rising channel into consideration trading the pair.

for this reason, there is a high chance to see a higher high higher close above the current resistance 1.117.

Analyzing horizontal structure and the market historical perspective I will be looking for a pullback from two structure levels:
1.120
1.125

but, I will post the update if I found confirmation on a lower timeframe.

good luck!

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