EUR/USD Analysis ( price action style )
Good Saturday to everyone,
This week was a good one for the EUR, it broke a massive trendline and currently sits right on top after making an A, B, C, and D pattern (Trend). Note that it also rejected a major zone of S&R. The same zone that started the upward trend that broke that trend line this is the first up trend EUR has made in a long time on the Daily (In Weeks)..
I say we are looking at the USD becoming week and I would watch the buy in the opening week of 10/15/2023. As this is posted though USD has the market as confirmed by the
DXY and if it drives above the Swing high we could and most likely will be bearish on EUR/USD.
Always have a plan for each! Have good risk-to-reward ratio and always protect profit,
Until next time!
This week was a good one for the EUR, it broke a massive trendline and currently sits right on top after making an A, B, C, and D pattern (Trend). Note that it also rejected a major zone of S&R. The same zone that started the upward trend that broke that trend line this is the first up trend EUR has made in a long time on the Daily (In Weeks)..
I say we are looking at the USD becoming week and I would watch the buy in the opening week of 10/15/2023. As this is posted though USD has the market as confirmed by the
DXY and if it drives above the Swing high we could and most likely will be bearish on EUR/USD.Always have a plan for each! Have good risk-to-reward ratio and always protect profit,
Until next time!
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