EURUSD: Very Bearish Outlook 🇪🇺🇺🇸

Sep 11, 2022

Friday's daily candle was nicely rejected from the confluence zone based
on a resistance line of a major falling parallel channel and a horizontal supply cluster.

I will be bearish on the pair till the price is trading below/within the underlined area.
From that, I will expect a trend-following movement.

If you are bullish, I would suggest waiting for a bullish breakout of the blue area first.
Only then consider buying on a retest.

Good luck next week, traders!

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