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EURUSD: Technical Outlook | Two Scenarios For Next Week 🇪🇺🇺🇸

Por VasilyTrader
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Hey traders,

Based on a price action analysis I see two potential scenarios for EURUSD next week:

  • Bullish
    Even though the pair is trading in a global bearish trend,
    since November we see a correctional movement.
    The market is steadily growing within a rising parallel channel.

    Now the price is approaching its support.
    For now we may expect a bullish movement from that.

  • Bearish
    The channel that we earlier discussed can be perceived as a bearish flag pattern.
    Its support breakout will trigger a trend following move and a test of a current low.


I am still bullish and have a long position on EURUSD.
But be prepared for both scenarios.

❤️Please, support this idea with like and comment!❤️

Nota
Check my new idea on GOLD:
GOLD (XAUUSD): What to Expect Next Week? 🥇
euroEURUSDFibonacciFlagForexfxtraderParallel ChannelTechnical AnalysistradingDJ FXCM Index
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