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EURUSD | Perspective for the new week

업데이트됨

The recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar.

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액티브 트레이드

In as much as I am exciting a bearish momentum; the pattern since the beginning of the week has been projecting a bullish expectation as it appears the price wants to continue to respect the bullish trendline. Hence the breakout retest of the key level at 1.02000 should support a bullish momentum in the mean time while we wait for the bearish move.

액티브 트레이드

We are not ignoring the possibility of a bearish momentum as a breakdown/retest of the bullish trendline will be mature to scale in.

Good afternoon

액티브 트레이드

Price remains above the key level at $1.02000 and we finally witness what seems to be a breakout of the green bearish trend line. I want to allow this candle to close to prepare for a bullish opportunity at a retest of structure.