Good Saturday to everyone,
This week was a good one for the EUR, it broke a massive trendline and currently sits right on top after making an A, B, C, and D pattern (Trend). Note that it also rejected a major zone of S&R. The same zone that started the upward trend that broke that trend line this is the first up trend EUR has made in a long time on the Daily (In Weeks)..
I say we are looking at the USD becoming week and I would watch the buy in the opening week of 10/15/2023. As this is posted though USD has the market as confirmed by the
DXY
and if it drives above the Swing high we could and most likely will be bearish on $EUR/USD.
Always have a plan for each! Have good risk-to-reward ratio and always protect profit,
Until next time!
This week was a good one for the EUR, it broke a massive trendline and currently sits right on top after making an A, B, C, and D pattern (Trend). Note that it also rejected a major zone of S&R. The same zone that started the upward trend that broke that trend line this is the first up trend EUR has made in a long time on the Daily (In Weeks)..
I say we are looking at the USD becoming week and I would watch the buy in the opening week of 10/15/2023. As this is posted though USD has the market as confirmed by the
DXY
and if it drives above the Swing high we could and most likely will be bearish on $EUR/USD. Always have a plan for each! Have good risk-to-reward ratio and always protect profit,
Until next time!