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AlgoVenture
Dec 1, 2019 4:41 PM

EURUSD: Weekly Forecast 2nd - 6th Dec 

Euro Fx/U.S. DollarFXCM

Description

EURUSD extended fall in the first 3 days last week and found support at the previous low of 1.0990.
The price made a final attempt to break new low but it turned out to be a spike which led to a strong rebound.
EURUSD has turned into a bullish structure at range bottom overnight.
This week, intraday traders can wait to buy the pullback between 1.1013 and 1.1000.
Otherwise, wait for the price to climb and reach between 1.1070 and 1.1095 to sell.
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