Analysis and Forecast EUR / USD - Weekly review (15.02-19.02)

FX:EURUSD   Euro / U.S. Dollar
Eurodollar after the recent rally and the establishment of a short-term peak at 1.1376 grabbed a little breathing. Correction, in which the EUR / USD should not in my opinion exceed the support level 1.1160 (minimum of 10 of February). (Previously, however, the demand will defend levels at 1.1246 and 1.1215). In the longer term, I expect growth toward the recent highs and in case of defeat, will open the way towards 1.1495 level, which in my opinion is at the moment a target for the demand side. Then, after the test this level, we expect a correction. At the moment, for me it is the baseline scenario.
In an alternate version of the adjustment will be deepened and the supply will arrive in the vicinity of the next support level of 1,090. Then I would expect growth to higher price levels.
RSI is currently neutral inheritance.
nice analysis bro.
+1 Reply
RobertPapon PooyaSalehipour
Thans i hope help you bro.
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