EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸

29 oct. 2023

https://www.tradingview.com/x/Bn8fDq2e/

EURUSD is trading in a long-term bearish trend.

After the price set a new lower low at the beginning of October,
the market started a correctional movement within a bearish flag pattern.

Closely monitor a support of the flag next week,
its violation - a daily candle close below, will be a strong bearish signal.

A bearish continuation will be anticipated then to 1.051 / 1.047

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30 oct. 2023

Note

We see a breakout attempt of the support of the flag.
Remember that we need a daily candle close below that to confirm a breakout