In the past week, EUR was in a downtrend on the lower cycles, while showing a corrective move on the higher ones.
Following Friday’s news, we saw a strong bullish candle. Unfortunately, the market closed shortly after, so we couldn't confirm whether it was the beginning of a solid trend or just a reaction to the news.
As a result, in the coming week, we need to be more cautious and patient when looking for setups. Since the recent candles were news-driven, it's important to wait for a clear confirmation before acting.
In the chart, three possible scenarios have been outlined — be prepared for any of them.
Following Friday’s news, we saw a strong bullish candle. Unfortunately, the market closed shortly after, so we couldn't confirm whether it was the beginning of a solid trend or just a reaction to the news.
As a result, in the coming week, we need to be more cautious and patient when looking for setups. Since the recent candles were news-driven, it's important to wait for a clear confirmation before acting.
In the chart, three possible scenarios have been outlined — be prepared for any of them.
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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.
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.