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EURUSD: Breakout & Two Zones To Watch Next Week ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ

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OANDA:EURUSD   ์œ ๋กœ / ๋ฏธ๊ตญ ๋‹ฌ๋Ÿฌ

Hey traders,

This week EURUSD broke and closed below a year's low.
Trading below that structure we remain bearish bias and expect a bearish continuation on a mid-term.

From a current perspective I will expect the next swing move from two potential sell zones:

  • Zone 1
    1.17 - 1.172 Resistance.
    Wait for a test of that structure and look for a confirmation to short from there.

  • Zone 2
    1.179 - 1.1805 Resistance.
    Upper supply area, in case of a bullish violation of zone 1, will be the closest safe area for potential shorting.

Watch these zone carefully next week.

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