EUR/USD has made fresh lows for the year on the 1st of August 2019 and recovered a good 220 pips, but it has lost its stride after 6 days and has fallen 170 pips since the 6th of August. Analyzing the weekly we can see it continue its free fall because the current weekly(12-18 August 2019) has bearishly engulfed the previous weekly (5-11 August 2019) with no hope...
The pound is looking to recover bullish briefly, i say briefly because of all the uncertainty surrounding BREXIT that we all cant fully trust how the outcome might affect the market/pound . Nonetheless i see a brief recovery because the pair has rejected the previous weekly (5 - 11 August 2019) candle and managed to engulf it bullishly
