EURUSD: Detailed Technical Analysis For Next Week 🇪🇺🇺🇸

11 בדצמ׳ 2022

Hey traders,

Very peculiar situation on EURUSD at the moment.
Analyzing a daily chart, we can see that the pair is currently stuck between a wide horizontal supply area
and a demand zone based on a rising trend line and a horizontal structure.

Depending on the reaction of the price to these structure, I see 2 potential scenarios.

1. If the price breaks and closes above 1.054 - 1.0655 zone,
a bullish trend continuation will be expected.
Next goal will be 1.077

2. If the price breaks and closes below 1.041 - 1.047 zone and a rising trend line simultaneously,
a bearish movement will be expected to 1.033 support.

Wait for a breakout, traders. That will show you the future direction of the market.

What do you expect?

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