EURUSD: Detailed Technical Outlook 🇪🇺🇺🇸

2 thg 9, 2022

A lot of questions about EURUSD.

The fact is that the pair is trading in a long-term bearish trend.
The market is steadily falling within a falling parallel channel.

After a strong bearish impulse in August,
the pair is currently weak and indecisive.
The price is coiling within a wide horizontal trading range on 4H.

Intraday trades, consider the boundaries of that consolidation for pullback trading.
Breakout traders, wait for a breakout of one of these boundaries to buy/sell. (Especially, bearish one)
Swing traders, wait for a test of the boundaries of the channel.

The pair just reached a support of the range, and for now, I believe that it will keep growing to the resistance of the range.


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