Weekly Forecast: EURUSD Retracement after bullish uptrend.
EURUSD finally found support near the top of previous high after an uptrend lasting almost a month.
With such a large movement upwards, we could expect price to retrace lower before finding a direction again.
This week, we could await short pullbacks to sell EURUSD, or conversely, await price to find support at previous demand zones before buying EURUSD again.
With such a large movement upwards, we could expect price to retrace lower before finding a direction again.
This week, we could await short pullbacks to sell EURUSD, or conversely, await price to find support at previous demand zones before buying EURUSD again.