EURUSD has experienced a significant 7-week bearish trend, and the price is currently positioned at a major key zone. Interestingly, for the first time in 7 weeks, the weekly candle for EURUSD closed in a bullish fashion, indicating the potential for bullish momentum to push the price higher. Whatever unfolds this week will play a pivotal role in determining EURUSD's future trajectory.
If the price breaches below the key zone, we can expect a continuation of the bearish trend. Conversely, if the price remains above the key zone, we might witness a trend reversal.
What are your thoughts on this? Feel free to share your opinions in the comment section below.
If the price breaches below the key zone, we can expect a continuation of the bearish trend. Conversely, if the price remains above the key zone, we might witness a trend reversal.
What are your thoughts on this? Feel free to share your opinions in the comment section below.
