EURUSD: Two Resistance to Watch Next Week 🇪🇺🇺🇸

Hey traders,

As I earlier predicted, EURUSD nicely bounced from a key weekly support level.
Even though that Friday was quite bullish for the pair, you must remember that
the trend still remains strongly bearish.

To catch a trend-following move, here are two resistance for you to watch next week:

• Resistance 1 is based on a trend line that the price started to respect since June.
  Serving as a strong support for a very long time it has been broken recently.
  Now it turned into a resistance and from that, I will look for a confirmation to sell.
  
  
• Resistance 2 is based on a trend line matching the lower highs on a 3 days chart.
  Three times in a row we saw a strong selloff from that.
  Wait for its test and look for a confirmation to sell.
  

If you are looking for buying opportunities and you missed a pullback from the underlined blue support
I would suggest staying away from trading the pair for now due to a strong dominance of sellers.

❤️Please, support this idea with like and comment!❤️

ความคิดเห็น:

Check my new idea on EURNZD: