๐๐ EURUSD Analysis ๐ป๐
๐ Currently, EURUSD finds itself at a crossroads, caught between two vital daily structures. Looking ahead to next week's potential moves, here are two scenarios to watch:
1๏ธโฃ Bullish Outlook: If the market breaks the trendline and seals the deal with a solid close above a hefty resistance line forming a substantial falling wedge on the daily chart, it might be time to gear up for a bullish ride. Traders could set their sights on a target of at least 1.090 ๐ฏ.
2๏ธโฃ Bearish Perspective: On the flip side, a breach of the crucial 1.0713 support level could spell trouble for the bulls. This move would signify strong bearish confirmation, possibly paving the way for a significant downward plunge, with a downside target of around 1.059 ๐.
In essence, the fate of EURUSD hangs in the balance, with traders eagerly awaiting signals of either bullish resurgence ๐ or bearish dominance ๐ป in the week ahead. Stay tuned for updates! ๐๐ผ