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EURUSD | Perspective for the new week

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The recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar.

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交易开始

In as much as I am exciting a bearish momentum; the pattern since the beginning of the week has been projecting a bullish expectation as it appears the price wants to continue to respect the bullish trendline. Hence the breakout retest of the key level at 1.02000 should support a bullish momentum in the mean time while we wait for the bearish move.

交易开始

We are not ignoring the possibility of a bearish momentum as a breakdown/retest of the bullish trendline will be mature to scale in.

Good afternoon

交易开始

Price remains above the key level at $1.02000 and we finally witness what seems to be a breakout of the green bearish trend line. I want to allow this candle to close to prepare for a bullish opportunity at a retest of structure.