EURUSD | Perspective for the new week

Zaktualizowano
The recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar.

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Zlecenie aktywne
In as much as I am exciting a bearish momentum; the pattern since the beginning of the week has been projecting a bullish expectation as it appears the price wants to continue to respect the bullish trendline. Hence the breakout retest of the key level at 1.02000 should support a bullish momentum in the mean time while we wait for the bearish move.

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Zlecenie aktywne
We are not ignoring the possibility of a bearish momentum as a breakdown/retest of the bullish trendline will be mature to scale in.

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Good afternoon
Zlecenie aktywne
Price remains above the key level at $1.02000 and we finally witness what seems to be a breakout of the green bearish trend line. I want to allow this candle to close to prepare for a bullish opportunity at a retest of structure.

snapshot

Good morning
Zlecenie aktywne
The bullish tendency remains valid as long as the price oscillates above the key level at $1.02000

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Good morning
Transakcja zamknięta: osiągnięto wyznaczony cel
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Chart PatternsEURUSDeurusdanalysiseurusdforecasteurusdsignalsreversalpatternSupply ZoneTrend Analysistrendcontinuationpatterns

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