• Vasily Trader

EURUSD: Still Bullish BUT ...

As I have predicted earlier, EURUSD has successfully bounced from 1.206 horizontal structure support .

This week the price has set a nice local bullish trend on 4H with a higher low and two higher highs.

I remain bullish biased and expect more growth, HOWEVER:

Now we see a completed harmonic abcd pattern formation.

For next week there are two potential scenarios:

1) The price may retrace from D point of ABCD and only then continue growing


2) The price may just continue growing to new highs

Safe option is always to wait for a pullback first.