Hey traders,
This week EURUSD broke and closed below a year's low.
Trading below that structure we remain bearish bias and expect a bearish continuation on a mid-term.
From a current perspective I will expect the next swing move from two potential sell zones:
- Zone 1
1.17 - 1.172 Resistance.
Wait for a test of that structure and look for a confirmation to short from there.
- Zone 2
1.179 - 1.1805 Resistance.
Upper supply area, in case of a bullish violation of zone 1, will be the closest safe area for potential shorting.
Watch these zone carefully next week.
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