EURUSD: Detailed Analysis & What to Look at Next Week 🇪🇺🇺🇸

7 באוג׳ 2022

Hey traders,

For the last 3 weeks, EURUSD remains very weak and indecisive.
The pair is currently trading within the boundaries of a horizontal trading range on a daily.

1.0095 - 1.0112 is its support.
1.02467 - 1.0295 is its resistance.

While the market stays within, consider buying its support and selling its resistance.
Alternatively, consider breakout trading:
Bullish violation of a resistance of the range will trigger a bullish continuation to a falling trend line,
while its bearish breakout will push the market back to 1.0 level.

I will post an update once I see a decent setup next week.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

8 באוג׳ 2022

הערה

Check my new analysis on EURUSD, USDCAD, GBPCAD, GBPCHF: