EURUSD Analysis

Hello Traders,

Here is my outlook on eurusd. We are observing a bullish structure. Pressure to buy euro is still high and i presume the prices to go higher to the weekly resistance above and stall there till early next year as the market figures out where to go next and maybe depending on the fundamentals.

What do you think about my idea?

What is your outlook on eurousd? Please comment below and lets cash in together.

Comment:

Hello traders,

The week has started well. Don't forget to check out this analysis and look out for chart patterns that signal potential buys.

Good luck in the markets

Comment:

The market moves up, the market moves down. If you are a naked
trader, you will probably note that the turning points in the market
coincide with the support and resistance zones.
-If the market touches a zone twice in succession, it will often move
away from the zone
-Two touches on a zone from below suggests a market top
-When the market makes lower highs, it will often continue downward
-A bearish candlestick on a resistance zone suggests the market will
trade lower
-A Moolah trade is only valid if there are at least six candlesticks
between the first and second touches.