EURUSD: Your Detailed Trading Plan For Next Week 🇪🇺🇺🇸

22 Okt 2022

Hey traders,

EURUSD is trading in a global bearish trend.
The pair perfectly respects the boundaries of the falling parallel channel.

Now we see a local correctional movement, the price is steadily growing, respecting a minor rising trend line.
To catch the next bearish wave, patiently wait for its bearish breakout.
You need a daily candle close below that to confirm that.

Then, the price will most likely drop to 0.953 level - current low.

Alternatively, a bullish breakout of the resistance of the channel will initiate a strong bullish wave.

Good luck next week, traders.

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