EURUSD Weekly Analysis
Last week was full of news and events and many of us were able to take the advantage of this situation.
As predicted last week, EURUSD performed as per my expectation. We saw a retest of 1.18391 line which gave us a further decline in the EURUSD. We saw a sharp fall in EURUSD after the ECB news. This fall in Euro is the worst in 19 months.
At the end of the last week, we saw Euro gaining some strength and moved up slowly. We should not be still looking at the bullish sentiment of the EURUSD pair. In the upcoming week, we see the correction of EURUSD pair up to broken support line 1.16557, from which the Euro is expected to follow the bearish movement up to 1.14470 level.
Those who were not able to enter the party on Thursday after ECB speech, can look to join the celebration from level 1.16557 onward till 1.14470.
After the price breaks the level of 1.14470, it will head towards 1.1294.
As predicted last week, EURUSD performed as per my expectation. We saw a retest of 1.18391 line which gave us a further decline in the EURUSD. We saw a sharp fall in EURUSD after the ECB news. This fall in Euro is the worst in 19 months.
At the end of the last week, we saw Euro gaining some strength and moved up slowly. We should not be still looking at the bullish sentiment of the EURUSD pair. In the upcoming week, we see the correction of EURUSD pair up to broken support line 1.16557, from which the Euro is expected to follow the bearish movement up to 1.14470 level.
Those who were not able to enter the party on Thursday after ECB speech, can look to join the celebration from level 1.16557 onward till 1.14470.
After the price breaks the level of 1.14470, it will head towards 1.1294.
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