Forecast for the EURUSD pair on next week
Updated
Probably, next week the EUR/USD will continue its down trend but not before it will take a bullish direction on first day of trading.
I would wait the moment when it crosses back down the 1.10823 level, when I would enter the position with a stop loss at 1.11671 and profit take at 1.07768
The risk taken on this trade is 1 to 3.58, which is great.
This forecast is made by analysing the instrument on multiple time frames.
You can follow me on twitter at @AxinteCiprian
Thank you!
I would wait the moment when it crosses back down the 1.10823 level, when I would enter the position with a stop loss at 1.11671 and profit take at 1.07768
The risk taken on this trade is 1 to 3.58, which is great.
This forecast is made by analysing the instrument on multiple time frames.
You can follow me on twitter at @AxinteCiprian
Thank you!
Note
The trend may reverse sooner than I expected.
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