WEEK 38 EURUSD - BEARISH CONTINUATION

2022年9月24日

Week 38 saw many Economic results that stimulated price movements. The FED's decision to increase rates put pressure on the EURO. This can be witnessed by the close of the week with the Bearish Breakout. It is expected that the price will look for new resistance and support in 39 weeks. It is quite difficult to expect a new support level as this is the lowest level above 20 years. End of trend or bullish reversal can only be identified by the candle pattern. For next week, I'm only interested in finding the 'sell setup' at the hidden supply zone level.