• Vasily Trader

EURUSD: Important Structure Ahead!!! (Trading Plan)

With DXY weakness EURUSD keeps growing.

We saw a nice expansion this week and it's time to look for the next strong supply area.

I am paying close attention to the confluence area between:

1.2 horizontal resistance (current structure high);

Rising trend line ;

1.272 extension of the last bullish leg.

I won't expect a major reversal from the identified area,

rather a pullback to 1.195 at least.

I will be looking for a confirmation on lower time frames before I short.

Good luck!