VasilyTrader

EURUSD: Key Levels to Watch Next Week 🇊🇚🇚ðŸ‡ļ

āļĨāļ”āļĨāļ‡
VasilyTrader āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:   
FX_IDC:EURUSD   āļĒāļđāđ‚āļĢ / āļ”āļ­āļĨāļĨāļēāļĢāđŒāļŠāļŦāļĢāļąāļāļŊ

Hey traders,

I guess you all saw this crazy bearish rally on EURUSD.
I decided to analyze a monthly structure and check where are we trading at the moment:
the point is that the market violated 1.03 - 1.07 monthly demand area to the downside.

The closest strong support that I see is 0.946 - 0.975 demand area.
I believe that the market can drop to that zone.

Also, consider 0.82 - 0.84 zone based on 22 years' low.

Locally the pair looks too oversold to me though.
I assume that we may see a pullback first before we drop lower.

Good luck next week!

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