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VasilyTrader
Aug 13, 2022 8:01 AM

EURUSD: What to Look At Next Week πŸ‡ͺπŸ‡ΊπŸ‡ΊπŸ‡ΈΒ Short

EUR/USDOANDA

Description

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Hey traders,

EURUSD is currently stuck between 2 major structures:
from one side we have a confluence zone based on a rising trend line and a horizontal demand zone 1.0245 - 1.0295
from another - major daily supply zone 1.0348 - 1.04085.

To catch the next move, I would suggest waiting for a breakout of one of these zones.
Bullish breakout of a resistance will trigger a bullish continuation at least to 1.048.
Bearish breakout of a confluence zone will push the market to 1.013 level.

For now, stay patient and wait for a breakout.

Good luck next week!

❀️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❀️

Comment

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Check my new idea on GBPUSD:
Comments
JoeChampion
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Lovely chart, i think we will hit 0.98!
madewaleadeshina
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the one above is stronger than the one below.
FOREXN1
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Nice Idea mate , we are Short but I like your point of view.
Switxc
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Will bounce
UnitedSignals
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I agree with that
AnabelSignals
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I think so too!
VasilyTrader
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Wait for a breakout, traders
that is your trigger
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