New sideway for an expected new trend in the week

13 ก.ค. 2020

Hello traders, First analysis of this week will be EURUSD. Lets see what happened in this pair last week, where the market went up higher than its last high spike. But it was only a falsebreak before it went down again for 100 pips back to the initial level. This movement cleared our BUY positions at 1.1299, Awesome. Now, in this opening hours, the market seems to be sideway again more or less in the same level of its last sideway. We expect the market will go up again and makes a new trend for a week long.

We have one positions from our last analysis, there is SELL at 1.1240 as a new support level. And a new positions BUY at 1.1348 to be able to catch a new trend as soon as possible.