• Vasily Trader

EURUSD: Detailed Analysis & Outlook For Next Week

Hey traders,

This week EURUSD was relatively slow.

The price was coiling within a narrow trading range and didn't manage to violate 1.167 structure resistance after multiple attempts.

Analyzing the structure and looking left a strong supply zone can be spotted.

1.166 - 1.169 is the area based on a recent historical structure & fib.confluence of the last two bearish impulses.

That zone can give us a very nice shorting opportunity.

To catch it with a confirmation,

wait for a breakout of 1.1615 - 1.1625 minor support.

It will be a trigger for us to short.

Initial goal will be 1.153

In case of a bullish breakout of the yellow zone, the setup will be invalid.