EUR/USD weekly overview
Price is moving down to Key Buy Level 1.15538. Under that level many traders set their S/L orders and pending orders for short.
If big Players want to turn trend up, they need a lot of fuel. Just imagine if you want ta buy for example 10 000 lots of currency, someone need to sell it to you. Key Levels it a place from which smart money works.
I think, on next week price will continue to move to Key Buy Zone. If there would be fake broke of key level 1.15538 (7 — months low) and D1 close upper it, that would be a signal for long with goals 1.1828 or 1.1936. Some part of position you can hold to key sell zone 1.2140.
For short the best option will be pullbeak to 1.1718, goal is 1.1605.
Price is moving down to Key Buy Level 1.15538. Under that level many traders set their S/L orders and pending orders for short.
If big Players want to turn trend up, they need a lot of fuel. Just imagine if you want ta buy for example 10 000 lots of currency, someone need to sell it to you. Key Levels it a place from which smart money works.
I think, on next week price will continue to move to Key Buy Zone. If there would be fake broke of key level 1.15538 (7 — months low) and D1 close upper it, that would be a signal for long with goals 1.1828 or 1.1936. Some part of position you can hold to key sell zone 1.2140.
For short the best option will be pullbeak to 1.1718, goal is 1.1605.
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