EURUSD Weekly Outlook
EURUSD made a move up after pulling back to a weekly support level last week as we had anticipated and was looking bullish.
However on Friday we saw a rejection of the resistance level above, indicating a likely move back down to retest that weekly support level. What will happen after that is unclear at this stage.
Our preferred scenario would be a retest of the weekly level followed by a buy signal to go long.
However on Friday we saw a rejection of the resistance level above, indicating a likely move back down to retest that weekly support level. What will happen after that is unclear at this stage.
Our preferred scenario would be a retest of the weekly level followed by a buy signal to go long.
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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.