EURUSD: Update & Key Level Ahead 🇪🇺🇺🇸

Hey traders,

Many of you asked me to post an update for EURUSD.

As you can see, bearish rally on the pair continues.
However, ahead is a strong weekly level.
1.113 - 1.118 is our potential reversal zone from where I will look for a pullback.

Your confirmation of a coming correctional move / pullback will be a bullish breakout of a falling parallel channel on 1H.

In case of a bearish breakout of a blue zone,
a further sharp decline will be expected.

From a current perspective I want you to realize that shoring is not an option at all because we are close to a key level.
At the same time buying is too risky still because the market is stuck within the channel on intraday time frames.

❤️Please, support this idea with like and comment!❤️

Kommentera:

Check my new idea on EURGBP: