For this pair, there is a strong market structure due to the strenghtening of the DXY (even if is steadily coming in).
Multiple rejections from key levels on this time frame, with the latest from the 1.21950 area.
My personal BIAS on EURUSD for the week to come is .
In case the price will go up to the 1.21800 area and I will have the confirmation that it will reject from there, I will look for a sell from the Orderblock at that level.
Great attention because there are multiple buy stops and I personally think that if the price will strongly go down, it will first go up above the 1.22000 area to take out those buystops.
In this case, patience is key, we have to wait for the price to show us its direction.
If the price will do its descent, I will look for the 1.20900 area for Take profit.
What is your opinion on this pair? What do you think the Greenback will do this week?
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Remember: THIS IS NOT FINANCIAL ADVICE. THIS IS ONLY A TRADING IDEA. Do your own research. Use proper risk management. Never trade without a Stop loss and open positions accordingly to the size of your trading account.