AlgoVenture

EURUSD: Weekly Forecast 14th - 18th Oct

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD has reversed and taken a bullish stance as it broke and closed above a 3-month falling trendline.
Based on historical prices within the channel, EURUSD was always able to climb to the top of the channel whenever there's a break of a bearish structure just like now.
Therefore, in the next 2 weeks, we will switch towards looking for a buying opportunity.
More will be discussed in our daily forecast to trade EURUSD.
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