EURUSD - Weekly Forecast 18th - 22nd March
EURUSD climbed for 3 consecutive days and retraced on the 4th trading day of last week.
The price climbed again on the last trading day but was rejected again near 1.134 which may cause the price to retrace lower.
The current bullish trend hasn't changed and is expected to climb higher in the next 2 weeks.
Therefore, we can expect the price to fall at first this week toward the demand zone at 1.128 before it rebounds and climbs higher again.
And should the price breaks new high, it will face strong resistance at the supply zone from 1.138 onward.
The price climbed again on the last trading day but was rejected again near 1.134 which may cause the price to retrace lower.
The current bullish trend hasn't changed and is expected to climb higher in the next 2 weeks.
Therefore, we can expect the price to fall at first this week toward the demand zone at 1.128 before it rebounds and climbs higher again.
And should the price breaks new high, it will face strong resistance at the supply zone from 1.138 onward.
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