EURUSD analysis for Week 7

11 Şub 2018

Last week, EURUSD broke through the parallel channel. On Friday, we can see the indecision reflected by a doji candlestick. My bias on this pair is still pretty bullish. There are 2 scenarios on EURUSD that I think could happen next week:

• Price could reverse to the upside and form a higher high. I will execute a long order after seeing a daily bullish candlestick formed on Monday ( could be morning star formation)
  
• If there is a further correction, 1.2100 would be my target zone. I will wait for the price action there and update more information about it.