EURUSD DAILY OUTLOOK FOR THE WEEK 29/8
EURUSD on Friday hits a key resistance at 1.17979, trend is still bearish as the lower low and lower high structure is still in place, a daily candle bearish close to the downside should move price to the support at 1.17012 to form a potential head and shoulder pattern, and a bullish breakout could push price to hit the next resistance at 1.18964.
I have a bearish bias for the week; I would be looking for sell opportunities if price closed below this current resistant level, and if a breakout occurs above this level, I would be looking for short term long towards the next resistance 1.18964
Disclaimer: What I have shared above is not a financial or investment advice, it’s an opinion that could be helpful for educational purposes only, whatever trading decision you make is at your own risk.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-