EURUSD-Weekly Market Analysis-Jul22,Wk1

Trend traders could wait for the market to retest on the upper trendline of the bearish channel for a shorting opportunity.

Counter-trend traders could wait for candlestick pattern confirmation to long EURUSD based on the Bullish Deep Crab Pattern that completes at 0.9928. However, long at 0.9928 means that Euro went off parity with the Dollar and that might invalid the Deep Crab Pattern should the market break and close below 0.9928.