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EURUSD DAILY OUTLOOK FOR NEXT WEEK 3/9

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EURUSD DAILY OUTLOOK FOR NEXT WEEK 3/9



Its Friday friends, and about five days ago, I published my thoughts on EURUSD possible scenarios here “https://www.followme.com/c/218... “.It turns out that the breakout to the upside has hit our key resistance 1.18964. Form our chart, it’s clear that there has been a break in structure, the current rally which started off from a major weekly support zone, broken above the bearish trendline and have closed above our EMAs.


This suggests a change in trend. In the next days I expect two possible scenarios. A bearish pullback from this level should lead price to our next support area which is between 1.18119 to 1.17879, and a breakout to the upside should lead price to hit our next resistance area at 1.19670.

Supports: 1.18119 to 1.17879

Resistance: 1.19670



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.   

Edited 04 Sep 2021, 16:38

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