EURUSD: Technical Outlook | Two Scenarios For Next Week 🇪🇺🇺🇸

Jan 22, 2022

Hey traders,

Based on a price action analysis I see two potential scenarios for EURUSD next week:

• Bullish
  Even though the pair is trading in a global bearish trend,
  since November we see a correctional movement.
  The market is steadily growing within a rising parallel channel.
  
  Now the price is approaching its support.
  For now we may expect a bullish movement from that.
  
  
• Bearish
  The channel that we earlier discussed can be perceived as a bearish flag pattern.
  Its support breakout will trigger a trend following move and a test of a current low.
  

I am still bullish and have a long position on EURUSD.
But be prepared for both scenarios.

❤️Please, support this idea with like and comment!❤️

Jan 23, 2022

Note

Check my new idea on GOLD: