EURUSD | Perspective for the new week | Follow-up details

All eyes will be on the Non-farm payroll on Friday as investors want to know whether the Federal Reserve can create a “soft landing” while raising interest rates to combat inflation that has been running at four-decade highs. However, from a technical standpoint, the current market structure still screams "bearish". In this video, I shared my technical opinion on my expectation this week as I look forward to a potential decline for the Euro.


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Handel aktiv:

I have missed this move. The week has begun on a bearish note as a breakout of the wedge finally happens; I want to be patient to see if there is going to be a retest of structure or a formation of a trend continuation pattern to join the decline.

Good morning

Handel aktiv:

We are right within a supply zone on the 1H time frame. Looking forward to seeing a reversal pattern within this zone to join the potential decline. Let's see what happens in the next couple of hours.

Good morning

Handel aktiv:

Price is still within the sell window and it is appropriate to state here that the current structure suggests a selling opportunity below the $1.0000 area.

Good morning

Handel aktiv:

A final breakdown of the $1.0000 level coupled with the breakdown of the trendline appears to confirm a bearish momentum.

Good morning

Trade stängt: Stopp nått:

I still anticipate selling opportunity

Handel aktiv:

Running in profit; locking in some profit

Handel aktiv:

The price still running as expected. However, are we going to be seeing this current retracement phase culminate within the $0.99800/1.0000 area to take another selling opportunity (adding to my existing position)?

Handel aktiv:

I sight a wedge on my 15minutes timeframe

Handel aktiv:

adding position to my existing trade

Good morning