• Vasily Trader

EURUSD: Technical Outlook & My Plan For Next Week

Hey traders,

Very important thing happened with EURUSD this week:

the price broke and closed above a resistance line of a falling wedge pattern.

Being quite overbought, the pair reached 1.19 horizontal structure resistance .

Next week I will expect a pullback from that and I will look for buying opportunities from a broken resistance of the wedge .

I will look for confirmation on 4h/1h time frame before I buy.

For goals I would consider 1.19 / 1.197 levels