Eur/Usd Weekly Analysis 11/08/21

7 nov 2021

Eur/Usd is going to be a bit more complex to analyze this week but in my perspective, I am not really 100% bullish or bearish I have price moving onto the trend line around 1.58 to then maybe drop a couple pips before shooting up to 1.61/62 to fill some imbalances from the higher time frame move we had last week. But then after that it gets a bit complex weekly has establish a new lower high and lower low where investors and traders will have their sl set above this area at 1.67. And as we should know a new LL or LH doesn't mean price is going to continue in that direction. This makes me a bit skeptical as on the daily as welI , I believed could've crashed last week but instead grabbed a previous Daily low and closed above leaving me wondering if we would continue lower. The 2 different colored arrows are two possibilities I see on EU this week. This week may be a bit more complex to understand but we manage risk and adapt everything will turn out in our favor. Im out gang-- love!

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