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UnknownUnicorn4475781

WHAT NEXT FOR EURUSD

Euro / U.S. Dollar (FX:EURUSD)  
UnknownUnicorn4475781 Updated   
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns Trend Analysis
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chartpattern trendanalysis
EURUSD just hit a major trend line. On the weekly, it could been seen as a falling wedge. Price is expected to rise from the 1.1000 area and possibly breakout on the top side.

However, traders should be careful trading around this major zone as there could be manipulations by market makers such as stop hunts.

Have a wonderful trading week
#Cheers
Comment:
As I pointed out on September 2nd 2019, EURUSD has smoothly obliged to its bullish movement from the 1.09 area. As it stands, price rose to 1.111 area before pulling back to the current price 1.1072.

More bullishness is expected of this pair in subsequent weeks. However, traders should be careful trading around major support and resistance zones as there could be manipulations by market makers.

Do follow me on Instagram @kemmatrades for status updates of analysis on forex Majors.

Have a wonderful trading week.

#Cheers.
Comment:
ANTICIPATED BULLISH MOVE ON EURUSD HAS BEEN PARTIALLY COMPLETED.
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