VasilyTrader

EURUSD: Important Structure Ahead!!!

Short
FX:EURUSD   Euro / U.S. Dollar

With DXY weakness EURUSD keeps growing.
We saw a nice expansion this week and it's time to look for the next strong supply area.

I am paying close attention to the confluence area between:
1.2 horizontal resistance (current structure high);
Rising trend line ;
1.272 extension of the last bullish leg.

I won't expect a major reversal from the identified area,
rather a pullback to 1.195 at least.

I will be looking for a confirmation on lower time frames before I short.

Good luck!

Comments

is there any possibility to go over 1.20 and more?
Reply
@AZHY, Yes
Looks like very high chance
Reply
Do you have the same bias on EU?
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