EUR/USD will likely test the bottom of the KUMO next week
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.
Cheers
Jesse
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.
Cheers
Jesse
Comment:
Same opinion, EURUSD consolidating in a range
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.
Cheers