Quick breakdown of what to anticipate in the upcoming trading week. EURUSD has been in a range since 2015 and with price contracting to form a triangular structure, the momentum may be building up for a break to the downside on the longterm. Some upside possibilities are also present but on the short to medium term.
Comment:
Price has broken below our supporting trendline @1.0992. No retest has printed yet which prompts us to wait. We cannot allow FOMO to lead us. The trade is still to come.