TimeWaveTrading

EURUSD analysis update

FX:EURUSD   Euro / U.S. Dollar
EURUSD is below the weekly downtrend.
After the daily bullish pattern, a daily uptrend is still in progress, but a short-term daily bearish pattern is forming. A break in this bearish pattern could trigger an uptrend.

There are two possibilities,
1) If the daily correction trend line is not broken and the daily upward wave continues
2) When it is propagated as a new weekly rising wave in the weekly demand zone

If it does not break above this week, it is expected that a new weekly correction trend line of a downtrend will be drawn next week.
Personally, the weekly bullish pattern looks better.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.