MinhDucPham

EURUSD analysis for week 04

FX:EURUSD   Euro / U.S. Dollar
Weekly: On weekly time frame, we can see that last week close is pretty weak. We already created the new high ( compare to the lower high in September 2017). What I would expect now is a bit of retracement on this pair and then might be more bullish in the future

Daily: Last Friday candle closed as a shooting star , we can see the wick rejection all around 1.2300 zone. 1.2100 used to be a huge level of resistance in the past, now it could act as a support level (line up perfectly with the Fibonacci 0.618). My short term target would be 1.2100 and then 1.2400 for the end of January

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