EURUSD Continues to Trade Lower
EURUSD was trading with little volatility but managed to fall throughout the week.
Both highs and lows also continued to drop lower but there are clearly some strong buyers emerging from the demand zone between 1.0721 and 1.0782.
Nevertheless, thee MAs are still showing a strong bearish-bias market and the price is expected to fall eventually.
This week, we will look for selling opportunity with caution as the price may continue to climb in the beginning.
If the price starts to climb, wait for it to meet resistance from 1.0880 onward.
Both highs and lows also continued to drop lower but there are clearly some strong buyers emerging from the demand zone between 1.0721 and 1.0782.
Nevertheless, thee MAs are still showing a strong bearish-bias market and the price is expected to fall eventually.
This week, we will look for selling opportunity with caution as the price may continue to climb in the beginning.
If the price starts to climb, wait for it to meet resistance from 1.0880 onward.
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