EURUSD: Important Decision Ahead! Watch Carefully 🇪🇺🇺🇸
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Hey traders,
EURUSD dropped nicely on Friday with NPF data.
The price is now testing a summer's low.
Taking into consideration that the market tends to set lower lows on a daily after the retracement
from previous ones, I believe chances are high to see a structure breakout again.
Next week wait for a daily breakout (daily candle close below) of the underlined yellow structure support.
It will be a trigger for a further decline.
Next support will be 1.171
Alternatively, you can also look for a pullback from a current low.
You will need an intraday confirmation to buy wisely.
Good luck!
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Nota
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