Weekly Forecast: EURUSD Retracement after bullish uptrend.
EURUSD finally found support near the top of previous high after an uptrend lasting almost a month.
With such a large movement upwards, we could expect price to retrace lower before finding a direction again.
This week, we could await short pullbacks to sell EURUSD, or conversely, await price to find support at previous demand zones before buying EURUSD again.
With such a large movement upwards, we could expect price to retrace lower before finding a direction again.
This week, we could await short pullbacks to sell EURUSD, or conversely, await price to find support at previous demand zones before buying EURUSD again.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.