• Vasily Trader

EURUSD: Key Level That You MUST Pay Attention to! (Structure Analysis)

hey guys,

though bearish movement on eurusd is officially started,

always remember to look left at structure.

the market is very close to a key monthly/weekly support cluster

based on 2015's - 2020's price action.

with average weekly atr, chances are high that this level will be reached quite soon

and then most likely a pullback will follow.

consider that yellow area for your swing short targets or for an area to buy from, catching a pullback.

always wait for a confirmation on a lower time frame, because the area is relatively wide.

good luck!