VasilyPonomarev

EURUSD: What to expect next week???

Short
FX:EURUSD   Euro / U.S. Dollar

hey traders,

though this week was very bullish for EURUSD
I think that the market leaves clear clues that it is overbought and needs a pullback.

you can notice that on 4h chart we have a sequence of two rejection candles in conjunction with
RSI divergence and resistance of a rising channel .

For this reason, I think that the market may retrace to a lower boundary of a channel,
and only from that point, we will see a bullish continuation.

for now, bias is bearish and it is completely reasonable to short the pair with your targets based on:
1.102
1.100

or

set your alert on 1.1 level and look for a signal to buy the pair !:)

good luck and, please, support the idea with like!)

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