EURUSD: Important Decision Ahead Next Week 🇪🇺🇺🇸

2 Jul 2022

Hey traders,

I see a classic bearish accumulation pattern on EURUSD:
the price keeps setting lower highs respecting the same lows.

Such a pattern is called a descending triangle.
It is very bearish pattern and probabilities will be high that the price will try to break its horizontal support.
If the market closes below that on a daily a strong bearish move may initiate to lower structure levels.

Alternatively, bullish violation of a falling trend line will signify a highly probable bullish continuation.

Good luck next week, traders.

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3 Jul 2022

Nota

Check my new idea on USDCHF: