EURUSD-Will the bulls continue their upward movement next week?

For almost 1 year and 7 months, EURUSD contained below 1.15. Then finally succeed broke out on July 2020. Since then, EURUSD nicely trending and reached 1.18. But, this level is major resistance, strong sellers zone that respected well by them. Not surprised, EURUSD halted here. Then. what's next? What action should we do for next week regarding to this EURUSD?

First, we have to prepare ourselves for the worst scenario that is a retracement to 1.15. We have to prepare because, since the breaking out, the buyers power so strong without any chance for sellers to take counter attacking. But, with this dominance power, buyers also used up a lot of buying order flow and reach 1.18, making some of them think to take profit. Plus, there is also a possibility that some traders left behind and they want to take part in this bullish trend. The obvious chance for them is making market going back to the last support.

Second, market also has a possibility to build solid foundation around 1.17 where buyers seemed made a solid camp here before taking decision to breakout market. This is the also logic for me to forecast market movement next week. Anyway, whatever level taken for EURUSD in the retracement, I still believe this EURUSD can go up higher (1.21). The bulls not end yet. And has the chance to make higher high again and again for a certain period in future.

I stand for buyer for this EURUSD. What about you?

Jee