• Vasily Trader

EURUSD: Time For Pullback?! Key Zone to Watch

Hey traders,

What a bearish week for EURUSD .

From 7th of September, sellers keep pushing the pair.

Violating a summer's low the market looks relatively oversold at the moment.

Analyzing a price action on a daily we may spot an expanding wedge pattern.

Its falling support, for now, serves as the closest key support.

Next week wait for its touch and then look for a confirmation to catch a pullback.

*by confirmation I mean a reversal pattern on 4h/1h time frame.

Closest resistance will be 1.16 - 1.185 structure.