EURUSD: Important Structure Ahead!!!

FX:EURUSD   Euro / U.S. Dollar

With DXY weakness EURUSD keeps growing.
We saw a nice expansion this week and it's time to look for the next strong supply area.

I am paying close attention to the confluence area between:
1.2 horizontal resistance (current structure high);
Rising trend line ;
1.272 extension of the last bullish leg.

I won't expect a major reversal from the identified area,
rather a pullback to 1.195 at least.

I will be looking for a confirmation on lower time frames before I short.

Good luck!


Before you short that area,
wait for a confirmation on lower time frame!
that will increase your winning chance!
+1 Reply
Geemix VasilyPonomarev
@VasilyPonomarev, I absolutely agree with you, I drew my fibo levels too and see the high probability of the pair extending to the fib 127 before falling or selling the pair. Thanks for the confirmation bro. Cheers!
@Geemix, you are welcome my friend 🙏
dimaatalla17 VasilyPonomarev
@VasilyPonomarev, What do u mean with confirmation ?
VasilyPonomarev dimaatalla17
@dimaatalla17, Some reversal pattern on lower intraday time frame
muhammad_vahhaaj VasilyPonomarev
@VasilyPonomarev u are right
muhammad_vahhaaj VasilyPonomarev
@dimaatalla17 look at the candles of 1 h or 15 m timeframe
great analysis
my analysis
EUR/USD In Rising Wedge!!
VasilyPonomarev T_V_TreeTrader
@T_V_TreeTrader, good outlook!
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