Bearish Outlook for EURUSD Next Week: Key Levels & Entry Points
Hey traders!
As we head into next week, my outlook for EURUSD is bearish, driven by recent market dynamics and key technical indicators. Here's a breakdown of the analysis:
🔹 News Impact: The recent impulsive move in EURUSD, sparked by the Non-Farm Payroll (NFP) and Unemployment Rate reports, suggests a bearish trend could continue. The data has had a significant impact, setting the stage for a potential retracement.
🔹 Volume Profile Insight: We've observed a B-Shape Volume Profile formation, which often signals that a retracement is on the horizon. This pattern indicates that we could see a pullback towards previous levels of interest.
🔹 Retracement Levels: I’m targeting a retracement to the Value Area and Point of Control (POC) of the previous week, which stands at 1.08250. This area could provide a strong resistance point for the bearish move.
🔹 Potential Entry Points:
- 1.09360: Watch for potential resistance here for a bearish setup.
- 1.08878: Another key level to consider for a potential short entry.
🔹 Invalidation Level: If EURUSD breaks above 1.09481, this would invalidate the bearish outlook. A move above this level could signal a shift in momentum and a potential reversal.
Stay tuned and manage your risk accordingly! Happy trading!
📉📊 #EURUSD #ForexAnalysis #BearishTrend #VolumeProfile #TradingStrategy
As we head into next week, my outlook for EURUSD is bearish, driven by recent market dynamics and key technical indicators. Here's a breakdown of the analysis:
🔹 News Impact: The recent impulsive move in EURUSD, sparked by the Non-Farm Payroll (NFP) and Unemployment Rate reports, suggests a bearish trend could continue. The data has had a significant impact, setting the stage for a potential retracement.
🔹 Volume Profile Insight: We've observed a B-Shape Volume Profile formation, which often signals that a retracement is on the horizon. This pattern indicates that we could see a pullback towards previous levels of interest.
🔹 Retracement Levels: I’m targeting a retracement to the Value Area and Point of Control (POC) of the previous week, which stands at 1.08250. This area could provide a strong resistance point for the bearish move.
🔹 Potential Entry Points:
- 1.09360: Watch for potential resistance here for a bearish setup.
- 1.08878: Another key level to consider for a potential short entry.
🔹 Invalidation Level: If EURUSD breaks above 1.09481, this would invalidate the bearish outlook. A move above this level could signal a shift in momentum and a potential reversal.
Stay tuned and manage your risk accordingly! Happy trading!
📉📊 #EURUSD #ForexAnalysis #BearishTrend #VolumeProfile #TradingStrategy
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.