Since 2015, EURUSD contained below 1.18000 and this lasted for 5 years. It quite long enough for sellers to rule over this currency. Then, all of these colapsed when buyers showed their domination by breaking out the level with strong power. That being said, buyers now in control in market.
Buyers building their solid ground around 1.1725 and forming agreement with sellers in a ranging area. So, I will look for a chance to buy for this currency next week and times a head. The upward movement will continue once buyers break this ranging area. The target will be around 1.21.
Buyers building their solid ground around 1.1725 and forming agreement with sellers in a ranging area. So, I will look for a chance to buy for this currency next week and times a head. The upward movement will continue once buyers break this ranging area. The target will be around 1.21.