• Vasily Trader

EURUSD: Technical Outlook for Next Week

EURUSD is currently trading within a wide horizontal range.

1.218 is its resistance.

1.196 is its support

To catch a bullish trend continuation, I recommend you to wait for a bullish breakout of the resistance first.

Only then bullish continuation will most likely follow.

While the price remains within the range, for us it signifies indecision.

Only breakout can clarify the future market direction.