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.

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Commentaire:

Check my new idea on NZDCHF: