EURUSD analysis for Week 6

FX:EURUSD   Euro / U.S. Dollar
After forming multi-months high at 1.2530 level, price fell back to the 1.2400 key level and consolidate for a while. I'm now pretty neutral on this pair. However, some sort of pullback can be expected. If we see a break below the parallel channel , my target for the correction could be around 1.2230 where 8 EMA located on weekly time frame


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.