EUR/USD – Week 6 – Bullish sentiment to return.
As mentioned in our previous analysis, the Euro lost more of its gains against the US Dollar, breaking the 1.20 level that we were expecting to be breached. For this week we anticipate that the pair will gather some bullish momentum and break the trendline highlighted on the chart with the next target sitting around the liquidity pool area.
Keep an eye on the US Dollar on Wednesday as the Consumer Price Index data will be released, having a big chance to impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Keep an eye on the US Dollar on Wednesday as the Consumer Price Index data will be released, having a big chance to impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
