EURUSD: What to Look At Next Week 🇪🇺🇺🇸

13 thg 8, 2022

Hey traders,

EURUSD is currently stuck between 2 major structures:
from one side we have a confluence zone based on a rising trend line and a horizontal demand zone 1.0245 - 1.0295
from another - major daily supply zone 1.0348 - 1.04085.

To catch the next move, I would suggest waiting for a breakout of one of these zones.
Bullish breakout of a resistance will trigger a bullish continuation at least to 1.048.
Bearish breakout of a confluence zone will push the market to 1.013 level.

For now, stay patient and wait for a breakout.

Good luck next week!

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14 thg 8, 2022

Ghi chú

Check my new idea on GBPUSD: