Get started
Euro / U.S. Dollar
Long
Updated

EURUSD: Technical Outlook | Two Scenarios For Next Week 🇪🇺🇺🇸

2 374
snapshot

Hey traders,

Based on a price action analysis I see two potential scenarios for EURUSD next week:

  • Bullish
    Even though the pair is trading in a global bearish trend,
    since November we see a correctional movement.
    The market is steadily growing within a rising parallel channel.

    Now the price is approaching its support.
    For now we may expect a bullish movement from that.

  • Bearish
    The channel that we earlier discussed can be perceived as a bearish flag pattern.
    Its support breakout will trigger a trend following move and a test of a current low.


I am still bullish and have a long position on EURUSD.
But be prepared for both scenarios.

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

Note
Check my new idea on GOLD:
GOLD (XAUUSD): What to Expect Next Week? 🥇
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:
euroEURUSDFibonacciFlagForexfxtraderParallel ChannelTechnical AnalysistradingDJ FXCM Index

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
euroEURUSDFibonacciFlagForexfxtraderParallel ChannelTechnical AnalysistradingDJ FXCM Index
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.