EUR/USD – Week 34 – Waiting for a confirmation.
In our past analysis, we were expecting EURUSD to break the trendline and correct in order to confirm the bullish move that we expected. Instead, the price started to lose ground and broke the previous low.
For next week we will wait for the price to break one of the two trendlines and correct above in order to confirm a bullish move. If the price moves sideways in this area, then there is a high probability chance that we may fall once more.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For next week we will wait for the price to break one of the two trendlines and correct above in order to confirm a bullish move. If the price moves sideways in this area, then there is a high probability chance that we may fall once more.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
