EURUSD: Weekly Forecast 19th - 23rd August
EURUSD turned out as expected based on last week forecast.
The price broke out of consolidation and reach an important demand zone which it found support.
Although the rebound last Friday from the demand zone around 1.107 was significant, the price did not break new high and thus may fall deeper into the demand zone.
This week, we will continue to wait for more pullback and aim to buy at 1.05.
The price broke out of consolidation and reach an important demand zone which it found support.
Although the rebound last Friday from the demand zone around 1.107 was significant, the price did not break new high and thus may fall deeper into the demand zone.
This week, we will continue to wait for more pullback and aim to buy at 1.05.
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