EURUSD Weekly/Daily Analysis 🦐

FOREXCOM:EURUSD   Euro / U.S. Dollar
EURUSD on the weekly chart is on a hot level.
The market retraced back from the previous bearish leg till the 0.618 fib level and the price is ranging between the 2 weekly structures around 1.16500 and 1,19500.
On the daily chart , we can see that the price has moved inside an uptrending channel and respected the monthly descending trendline creating a channel cross.

IF the market will break above the top structure we will set a nice long order targeting he next monthly structure.
On the other hand if the price will break below we will check for a retracement move on the fib levels.

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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Comment: The descending channel lower trendline holds the price
Comment: Nice break of the channel. Price now testing weekly support.
Comment: price almost broke the weekly structure. Waiting for the weekly close
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Very good! Here is what price action shows:
+1 Reply
plancton0618 VasilyPonomarev
@VasilyPonomarev, Thanks for sharing your vision
bearish outlook looks more potential to me personally :) enjoy your insight, thank oyu .
plancton0618 jojofang0901
@jojofang0901, Appreciate your vision mate
Good effort bro
plancton0618 HediyeeRowshan
@HediyeeRowshan, Appreciate it
good deal, I like that.
plancton0618 ProjectSyndicate
@ProjectSyndicate, Thanks mate
Good work mate. Thank you!
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