EURUSD: Key Levels to Watch This Week 🇪🇺🇺🇸

25 paź 2022

Here is my latest structure analysis for EURUSD:

The pair is trading within a major falling parallel channel on a daily.
Its support & resistance are important vertical structures to buy/sell market from.

Analyzing a price action, I spotted a minor rising trend line within the channel.
So far it is the closest strong support.
I believe that the goal for buyers for now is the resistance of the channel,
the pair will be steadily growing, respecting a trend line.
Its bearish breakout, however, will initiate a trend following movement to a current low.

Monitor the underlined key levels and consider them for pullback / breakout trading.

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