EURUSD Weekly Technical Outlook
EURUSD market operation on the weekly time frame printed a bullish candlestick last week as it surged towards the upper part of the 1.07900/1.10765 horizontal resistance zone (blue) seen on the monthly time frame. However, the dominant technical structure on the weekly time frame is still bearish.
EURUSD price action on the daily time frame is in a bullish mode. It is presently tackling a minor horizontal resistance but there is still potential for northward liquidity engineering at the upper area of the 1.07900/1.10765 horizontal resistance zone (blue).
Although EURUSD price action on the H4 time frame is presently sideways, the technical impulse is bullish. Therefore, technically, we can expect further northward move in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
EURUSD market operation on the weekly time frame printed a bullish candlestick last week as it surged towards the upper part of the 1.07900/1.10765 horizontal resistance zone (blue) seen on the monthly time frame. However, the dominant technical structure on the weekly time frame is still bearish.
EURUSD price action on the daily time frame is in a bullish mode. It is presently tackling a minor horizontal resistance but there is still potential for northward liquidity engineering at the upper area of the 1.07900/1.10765 horizontal resistance zone (blue).
Although EURUSD price action on the H4 time frame is presently sideways, the technical impulse is bullish. Therefore, technically, we can expect further northward move in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
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