EURUSD: Detailed Analysis & Outlook For Next Week 🇪🇺🇺🇸

٢٧ أغسطس ٢٠٢٢

Hey traders,

EURUSD is trading in a strong bearish trend.
The price action perfectly respects the boundaries of a major falling parallel channel.

Next week, pay close attention to a confluence zone based on the resistance of the channel and 1.01 - 1.014 horizontal supply zone.
I will look for trend-following opportunities from there.

Alternatively, if you want to buy the pair, the closest strong support that I see so far is the support line of the channel.
I will wait for the test of that to buy.

Have a great weekend!

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