[CRT] Early-Week Outlook for EURUSD [Candle Range Theory]Euro/US DollarFX:EURUSDjsalvador89Context: During the week of November 10th, the European currencies EURUSD and GBPUSD attempted to attack their previous weekly high on Friday afternoon, so we speculated that the direction for the week of November 17th would be bearish, targeting the low of the week of November 3rd. Last week this hypothesis was confirmed, with the weekly candle closing outside the body of the previous one: For this week: This week the same thing has happened but in the opposite direction. However, this time it’s different because the move failed while going in the direction of the bias, so we anticipate a bullish start to the week in order to position for new sells: Although from a CRT perspective, if we drop to the daily timeframe, the range would be invalidated. DXY and GBPUSD do give us directional clues for a small retracement at the start of the week: Here we can observe DXY: And here GBPUSD: Even though we have clearly defined upside targets on GBP and downside targets on DXY, we must not forget that it is very likely they will not be fully completed, since the broader direction for European currencies remains bearish continuation. So in conclusion, we speculate with more cautious, lower-risk buys at the start of the week, since it makes sense for price to begin by pushing upward — not to shift the overall bias, but to complete the PO3 of the weekly candle. Once that weekly PO3 is formed, we will then look to join the sells when direction realigns with the broader bearish continuation. Wishing everyone many profits!