EUR/USD – Week 5 – 1.20 on the way
Extended lockdown measures across EU member states and the shallow vaccination rates narrowed the impact of the multitude of economic data that was released in the past week.
In regards to our last week forecast, the price moved sideways, as anticipated. For this week, we expect the corrective move to finish and we also foresee that the EURUSD will to continue its journey to the 1.20 levels.
Keep an eye on the USD pairs on Friday as the Nonfarm Payrolls numbers and the unemployment rate 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.
In regards to our last week forecast, the price moved sideways, as anticipated. For this week, we expect the corrective move to finish and we also foresee that the EURUSD will to continue its journey to the 1.20 levels.
Keep an eye on the USD pairs on Friday as the Nonfarm Payrolls numbers and the unemployment rate 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:
1.20 level reached
