EURUSD: Weekly Forecast 19th September 2021
EURUSD has extended fall last week, resulting in a 2nd consecutive bearish week.
The price has now reached a strong demand zone from 1.1730 onwards to 1.1700.
At this point, an inverse HnS could still be formed since the right shoulder support isn't completely broken.
Besides, the market is already trading at a low of the entire range and there will definitely be an opportunity for buyers.
This week, we are expecting a rebound from the current demand zone as it dip a little lower to the Fibo 78.6% level.
If the price fails to rebound at all, the next key level is 1.1700.
On the upside, we expect the price to be able to reach 1.1820 before any strong resistance will be seen, followed by the neckline of a probable inverse HnS at 1.1880.
The price has now reached a strong demand zone from 1.1730 onwards to 1.1700.
At this point, an inverse HnS could still be formed since the right shoulder support isn't completely broken.
Besides, the market is already trading at a low of the entire range and there will definitely be an opportunity for buyers.
This week, we are expecting a rebound from the current demand zone as it dip a little lower to the Fibo 78.6% level.
If the price fails to rebound at all, the next key level is 1.1700.
On the upside, we expect the price to be able to reach 1.1820 before any strong resistance will be seen, followed by the neckline of a probable inverse HnS at 1.1880.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.