• Vasily Trader

EURUSD: Important Decision Ahead! Watch Carefully

Hey traders,

EURUSD dropped nicely on Friday with NPF data.

The price is now testing a summer's low.

Taking into consideration that the market tends to set lower lows on a daily after the retracement

from previous ones, I believe chances are high to see a structure breakout again.

Next week wait for a daily breakout (daily candle close below) of the underlined yellow structure support .

It will be a trigger for a further decline.

Next support will be 1.171

Alternatively, you can also look for a pullback from a current low.

You will need an intraday confirmation to buy wisely.

Good luck!