EURUSD: Key Structure Ahead 🇪🇺🇺🇸

26 dic 2022

Hey traders,

EURUSD is trading in a bullish wave since September.
Even though, the pair keep growing, I want to remind you that we are trading in a global bearish trend.

The market is currently approaching a major weekly supply zone.
1.07 - 1.09 area is based on a horizontal historical resistance and a fib confluence zone.

I believe that the next bearish rally may initiate from there.

Watch carefully that zone and wait for a confirmation on lower time frames.

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