MarketBreakdown | EURUSD, GBPUSD, EURAUD, EURCAD

14 Jul 2022

Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.

1️⃣ EURUSD - 4H time frame 🇪🇺🇺🇸

The pair is ranging after a sharp bearish move.
For now, the price perfectly respects a parity level.
I believe that the market will start a correctional movement soon.

2️⃣ GBPUSD - 8H time frame 🇬🇧🇺🇸

The market is steadily falling within a falling parallel channel.
While the price stays within, we remain bearish biased and will expect a bearish continuation shorting from its resistance.
Alternatively, its bullish breakout will initiate a correctional movement.

3️⃣ EURAUD - Daily time frame 🇪🇺🇦🇺

After a sharp bearish move, the pair is approaching a key daily structure support.
I will expect a pullback from that.

4️⃣ EURCAD - Monthly time frame 🇪🇺🇨🇦

The pair is approaching a key monthly structure support.
Being too oversold, the market will most likely retrace from that.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

15 Jul 2022

Nota

Check my new idea on GOLD: