EUR/USD – Week 23 – More downside ahead.
In our past analysis, we correctly forecasted that EURUSD will start a bearish move that would act as a consolidation for the Daily uptrend.
For this week, we expect the price to make a pullback underneath the trendline and fall towards the support level. Another option is that we may break the top again. This might happen if we break the orange trendline and make a consolidation above it.
Keep an eye on Thursday’s ECB Interest Rate decision news as it may heavily impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to make a pullback underneath the trendline and fall towards the support level. Another option is that we may break the top again. This might happen if we break the orange trendline and make a consolidation above it.
Keep an eye on Thursday’s ECB Interest Rate decision news as it may heavily impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
