EUR / USD is trying to overcome the resistance of 1.1230. Most likely there will be a breakdown up. Stochastic moves from level 50 and is well charged for a breakdown of resistance.
Looks like that divergence is over, so I have an order to sell the EURUSD at 1.1129 and a stop at 1.1180.
Hope that entry isn’t too high.
Resistance held, but strong support around 1.0840? That’s a long way off, anything could happen before that.
My prediction for next week will come upon the close on the weekly time frame today. Price action is presently consolidating within a significant support zone on the weekly time frame. How the market reacts to this zone at this week’s close is likely to give a clue about next week’s technical outlook on EURUSD.
Trade safe and prosper.
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