EUR/USD will likely test the bottom of the KUMO next week

FX:EURUSD   Euro / U.S. Dollar
Hey guys,

As mentioned in my previous analysis, I am bearish on EUR/USD (check my previous analysis).

The pair didn't manage to break above 1.2420 and was rejected multiple times.

I am expecting the pair to visit the bottom of the KUMO which should act as a support. Should it fail, new targets will be developed.

Trade with care.



Comment: *** EUR/USD Update***

The pair has shown some strength and is now in a strong resistance zone according to MP.

I am expecting this bounce to fail and reach the previous strong support zone, at least.


Comment: Same opinion, EURUSD consolidating in a range
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waiting to fall and dive with it. all the best and thanks dear
Waiting on that flag breakout on the 15min chart
+1 Reply
@Buckz, same dude ;-) trade well!
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