EURUSD: Important Structure Ahead!!!

28 בנוב׳ 2020

With DXY weakness EURUSD keeps growing.
We saw a nice expansion this week and it's time to look for the next strong supply area.

I am paying close attention to the confluence area between:
1.2 horizontal resistance (current structure high);
Rising trend line;
1.272 extension of the last bullish leg.

I won't expect a major reversal from the identified area,
rather a pullback to 1.195 at least.

I will be looking for a confirmation on lower time frames before I short.

Good luck!