abhivik

EURUSD Weekly forecast 19 August Onward

Short
FX:EURUSD   Euro / U.S. Dollar
Last week we were looking for further advancements in the EURUSD, but we got a depreciation.
In the coming week, as the pair rests below a major resistance of 1.1162 price zone, we'll be looking for further continuation of down trend.
If we get a pullback and test of resistance at 1.1162 price zone, it will be a nice place to look for shorting opportunities with our target set at 1.1023 price zone.
If price breaks our first target, our second target will be at 1.0952 price zone.
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