FX:EURUSD Euro Fx/U.S. Dollar
Starting with a of the dollar index
1. Lower supply area identified as 93.00-93.48
2. Upper demand area identified as 96.90-97.54
3. Price making higher lows and just broke through a resistance line. bias
4. Fib retracement between 93.00 and 97.54 drawn. Noteworthy price between 78.6% and 61% is 96.25.
So I'm expecting the US Dollar Price is to fall slightly before rebounding up.
So my bias on the EURUSD is . From the of the EURUSD:
1. Lower identified as 1.0950-1.1143
2. Upper identified as 1.1283-1.1362
3. Price been forming lower highs while bouncing off a resistance line, suggesting
4. Fib retracement between 1.0950 and 1.1362 drawn. Noteworthy price between 78.6% and 61% is 1.1215.
So I'm expected the EURUSD to rise before continuing downwards
My Trade plan for next week
Limit: 1. 1148