EURUSD Analysis and ideas for the upcoming week
EURUSD pulled back on Friday and currently the price is sitting at the 100H EMA. This area is important to determine the direction of the next move this week.
If the price stays above the 100H EMA area, which I have highlighted with the circle in my chart, it is possible that EURUSD will reach the 1.19 area once again.
On the other hand, if price breaks this area. then a deep pullback is expected.
In the first case, if price stays above 1.1760, I will be looking to buy after a couple of bullish candles in the hourly chart. Possible buy entry could be between 1.1760 -1.1780 with SL below 1.1730 and TP at 1.1900
If the price stays above the 100H EMA area, which I have highlighted with the circle in my chart, it is possible that EURUSD will reach the 1.19 area once again.
On the other hand, if price breaks this area. then a deep pullback is expected.
In the first case, if price stays above 1.1760, I will be looking to buy after a couple of bullish candles in the hourly chart. Possible buy entry could be between 1.1760 -1.1780 with SL below 1.1730 and TP at 1.1900
