EURUSD: Important Decision Ahead 🇪🇺🇺🇸

11 thg 8, 2022

I guess you saw this strong bullish movement on EURUSD yesterday.
The price broke and closed above 1.0247 - 1.0294 horizontal supply area.
Now that structure turned into a strong support.

Even though that breakout is a very important bullish clue,
ahead we see a major resistance.
1.035 - 1.041 area is a daily supply cluster.

The price is currently stuck between 2 structures.
From such a perspective, I would wait for a breakout of one of those first.

While the market stays in between, in my view, it is too risky to trade.
So I really want you to be patient and wait.

I will post an update when I see a solid confirmation.

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