MinhDucPham

EURUSD analysis for Week 7

Long
FX:EURUSD   Euro / U.S. Dollar
Last week, EURUSD broke through the parallel channel . On Friday, we can see the indecision reflected by a doji candlestick . My bias on this pair is still pretty bullish . There are 2 scenarios on EURUSD that I think could happen next week:
  • Price could reverse to the upside and form a higher high. I will execute a long order after seeing a daily bullish candlestick formed on Monday ( could be morning star formation)
  • If there is a further correction, 1.2100 would be my target zone. I will wait for the price action there and update more information about it.

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