Dear traders,
Resulting that of pandemic days and fear of second wave in US shoving us a volatile currency. Having the meeting in Euro region on 15 July will be weighting indicator on EURUSD near future. Possible forecasting scenarios are as the following;
- Close below %50 weekly fibo level may drive the currency downward till %31.8 monthly support level which will be perfect long entry.
-Close above %61.8 weekly fibo level may lead the currency %50 monthly fibo level (1.1458).
These are not trade succestions only educational purposes.
Resulting that of pandemic days and fear of second wave in US shoving us a volatile currency. Having the meeting in Euro region on 15 July will be weighting indicator on EURUSD near future. Possible forecasting scenarios are as the following;
- Close below %50 weekly fibo level may drive the currency downward till %31.8 monthly support level which will be perfect long entry.
-Close above %61.8 weekly fibo level may lead the currency %50 monthly fibo level (1.1458).
These are not trade succestions only educational purposes.