EURUSD - WEEKLY ANALYSIS.
EURUSD - is trading just above flat after struggling after the NFP data. Next week the market braces itself for the ECB rate and monetary policy decisions, and there could be more talk that the EUR is overvalued. Trading at this range will be more interesting now as inflation and deflation in the EU was confirmed.
There is also a support trend line that is working very well at the moment, but the indicators and momentum is still BEARISH.
Any bounce back will be a SHORT SELL opportunity.
Follow the levels :
Sell Range : 1.18500 - 1.18700
Stop Loss : 1.19270
Target : 1.17600 - 1.15500
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There is also a support trend line that is working very well at the moment, but the indicators and momentum is still BEARISH.
Any bounce back will be a SHORT SELL opportunity.
Follow the levels :
Sell Range : 1.18500 - 1.18700
Stop Loss : 1.19270
Target : 1.17600 - 1.15500
Traders, If you like this idea hit the like button & Write in the comment section.
Why you should follow this tradingview account ?
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- 10 + years of trading experience
- Professional Day trader
- Excellence award winning mentor
- Professional chart, clear chart without junks for your better understanding
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