EUR/USD – Week 15 – Corrective mood.
In our previous analysis, we correctly forecasted that the price will begin a correction structure.
For this week, we expect this corrective move to pullback and continue towards the resistance area highlighted on the chart. There is a possibility we may test the orange trendline, but it’s early days.
Keep an eye on Tuesday's yearly CPI estimation as it may affect the US Dollar and impact this 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 this corrective move to pullback and continue towards the resistance area highlighted on the chart. There is a possibility we may test the orange trendline, but it’s early days.
Keep an eye on Tuesday's yearly CPI estimation as it may affect the US Dollar and impact this 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.
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