EUR/USD – Week 28 – Targeting the trendline.
In our past analysis, we correctly forecasted EURUSD to start a bullish move. This happened after the price made a new lower low.
For this week, we expect the price to reach the confluence between the trendline and the resistance. After that, in the coming weeks, we expect the price to lose value and break the $1.17 low.
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 reach the confluence between the trendline and the resistance. After that, in the coming weeks, we expect the price to lose value and break the $1.17 low.
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.
