Hey traders,
What a bearish week for EURUSD.
From 7th of September, sellers keep pushing the pair.
Violating a summer's low the market looks relatively oversold at the moment.
Analyzing a price action on a daily we may spot an expanding wedge pattern.
Its falling support, for now, serves as the closest key support.
Next week wait for its touch and then look for a confirmation to catch a pullback.
*by confirmation I mean a reversal pattern on 4h/1h time frame.
Closest resistance will be 1.16 - 1.185 structure.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.