EURUSD Weekly Analysis

Scenario:

Price has broken structure bearishly on weekly. This can be noted as a bearish impulse, I look forward for the retracement to the 70 - 80 % fib. zone for a new bearish impulse movement.

Expectation:

I expect price to pull up from its current zone to retest the 70/80 zone before the bearish impulse as outlined on the chart.



Comment: Keep track of EURUS on lower time frame carefully looking for a bearish break on 1,4H TF.