A Bearish Week for EUR/USD 10/8/2024

Last week saw the EUR/USD price rally downwards with a serious spike. Starting this week I'm more inclined to look for more sell setups than buy setups. We could see the price pull slightly back to 1.10096 before starting the move down. If it pulls back slightly higher than that, then I'll be looking at 1.10822 but if it goes way beyond this level, then I won't be taking any sell setups. If the price starts delivering on the sellside, then my first Take Profit will be at 1.09088. We could see price go even lower and the next price level I will be looking to take a partial profit is 1.08201. The last price level I expect to take all my profits if price continues rallying downwards is 1.07781.

A Bearish Week for EUR/USD 10/8/2024