What do we expect on EUR/USD

2021년 11월 7일

Hey traders, let's have a look on EURUSD Daily timeframe. All of the major news announcements finally finished so we can now start to look for the freshly charts , and maybe new market structure and behaviour. So daily timeframe. What can you see? Strong trend to the downside. There are two major key levels. Our support area at 1.1550-1.1530 and our resistance area is 1.1700. SO we got clear range between those two levels. Range roughly 150 pips. If we stepping down to 4H timeframe we can notice a HUGE bullish engulfing candle and clearly see a false breakout of the support level. So on the 4H timeframe I can find another and the last for now level of interest (this level is in the middle of the range) 1.1610-1.1590. So let's see how the market open on Monday and I will provide you with the further updates here. Anyway we are good for now. Cheers.