EURUSD is Bullish, on the weekly and daily time frame.
With RSI near the overbought region on the daily timeframe, there is a great probability that the trend perform a pull back to the support level @1.1590 zone.
If the trend break the CHocH at the 4Hr timeframe (body candle not wick), then will go short till 1.1600 level. If the news this coming week are in favor of the USD, we might see more drawdown till the Order block OB4H.
Let's be patient and watch the market carefully
Good Luck!
With RSI near the overbought region on the daily timeframe, there is a great probability that the trend perform a pull back to the support level @1.1590 zone.
If the trend break the CHocH at the 4Hr timeframe (body candle not wick), then will go short till 1.1600 level. If the news this coming week are in favor of the USD, we might see more drawdown till the Order block OB4H.
Let's be patient and watch the market carefully
Good Luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.