EURUSD: Next Week Will Be Important!

https://www.tradingview.com/x/JKBTl1aB/

hey traders,

we have a very common picture in trading on a daily chart of EURUSD.

two equally possible scenarios:

from a buyers perspective, 1.107 level is a perfect level to buy from expecting bullish continuation.
for buyers, we have a perfect confluence of 618 retracement level and horizontal support
+ clearly bullish tendency from October 2019

from a sellers perspective, the long term trend on eurusd remains bearish
and strong bearish momentum on Friday signifies the completion of a correction cycle.
+ we see almost completed head and shoulders pattern and bear flag breakout with new lower low on 4H.


if you still haven't chosen your side, I suggest being focused on the underlined structure support.
being broken it will open a path to lower levels
while being respected we will see a pullback.

let's see how it unfolds next week!
have a great weekend!

*share in a comment section your view on EURUSD.