FXRCAPITAL

EURUSD Simplified forecast

FX:EURUSD   Euro / U.S. Dollar
EURUSD
-Current price is floating under the 200 MA
-Elliot wave forecast is looking to complete another wave to lower lows
-EUR weakness is apparent across most pairs
-This pair will be quite unpredictable this week until we get a clear breakout in either direction.
-Economical data is in favor of a further movement to the downside.
-Tips: Remember the major trend is your friend and it is currently the safest way to trade this pair. Keep track of war talks and US bombings, this will negatively affect the price of the DXY.

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