EURUSD: Weekly Forecast 28th February 2022
EURUSD plunged as safe haven demand spiked amid Russia-Ukraine war.
The market found support as it fell to an 18-month low and was able to recovered over half the losses.
However, the trend is clearly downwards and the current fundamentals are clearly bearish, and the price just gapped down strongly at the market opening for the week.
This week, we will continue to look for selling opportunities, awaiting further upside pullback to cover the gap first.
The market found support as it fell to an 18-month low and was able to recovered over half the losses.
However, the trend is clearly downwards and the current fundamentals are clearly bearish, and the price just gapped down strongly at the market opening for the week.
This week, we will continue to look for selling opportunities, awaiting further upside pullback to cover the gap first.
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