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  • Vasily Trader

EURUSD: Technical Outlook For Next Week



Hey traders,


We must admit that for that last two weeks EURUSD is consolidating.

The price is currently trading within a narrow horizontal trading range on a daily.

Taking into consideration that the pair is trading in a bearish trend ,

I still remain bearish biased.


The trigger that I am looking for to catch a bearish continuation is a bearish breakout of a yellow support cluster.

We need a daily candle close below that to confirm the violation.


Then the price will most likely drop lower.

Closest support will be 1.14


In case of a further decline, monitor a major falling trend line .

It will be the next key support.


Alternatively, in case of a bullish breakout of the range,

bullish continuation will be expected.

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