EURUSD: Technical Outlook For Next Week 🇪🇺🇺🇸

Hey traders,

We must admit that for that last two weeks EURUSD is consolidating.
The price is currently trading within a narrow horizontal trading range on a daily.
Taking into consideration that the pair is trading in a bearish trend,
I still remain bearish biased.

The trigger that I am looking for to catch a bearish continuation is a bearish breakout of a yellow support cluster.
We need a daily candle close below that to confirm the violation.

Then the price will most likely drop lower.
Closest support will be 1.14

In case of a further decline, monitor a major falling trend line.
It will be the next key support.

Alternatively, in case of a bullish breakout of the range,
bullish continuation will be expected.

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

Kommentera:

Check my new idea on DXY: