EURUSD: Key Levels to Watch Next Week 🇪🇺🇺🇸

16 juil. 2022

Hey traders,

I guess you all saw this crazy bearish rally on EURUSD.
I decided to analyze a monthly structure and check where are we trading at the moment:
the point is that the market violated 1.03 - 1.07 monthly demand area to the downside.

The closest strong support that I see is 0.946 - 0.975 demand area.
I believe that the market can drop to that zone.

Also, consider 0.82 - 0.84 zone based on 22 years' low.

Locally the pair looks too oversold to me though.
I assume that we may see a pullback first before we drop lower.

Good luck next week!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

17 juil. 2022

Note

Check my new idea on GOLD: