EURUSD FOR THE NEW WEEK

Considering the EURO currency index, the price has reached a familiar orderlockzone for a reversal at 104.37 - 103.52. If a reversal does not happen, then a break of structure at 103.50 is likely. USDOLLAR has reached an orderblock zone, reversal can happen anywhere around 12836 - 12933 for a sell. If it doesn’t happen, we will look to see if there would be a break of structure at 12954.

Considering both EURO and USD currency index, if a reversal happens for both, EURUSD will be bullish for the week, if a BOS happens for both, EURUSD will continue to be bearish. This is supported by the EURUSD itself, where the price has reached a familiar zone at 1.05109 - 1.03402, a reversal is likely at the zone, if not, a BOS and continuation to the downside. Monday will show us which path to tread.