Weekly EURUSD ideas. EUR/USD has failed to stage a meaningful rebound after having lost more than 100 pips on Thursday. The pair stays within a touching distance of 1.0600 early Friday and a hot inflation report from the US could cause it to suffer additional losses ahead of the weekend.
Price reversed from a weekly descending trend line and its heading towards a support level.
The price has the potential to reverse from the support level and move back to the trend line.
However, the bearish candles are too aggressive so we have to wait for a reversal pattern first before moving to a lower timeframe to look for a bullish opportunity.
`Chart and...
