EUR/USD – Week 11 – Downtrend to continue after correction.
In our previous forecast, we correctly anticipated that EUR/USD will begin a corrective phase before the bearish sentiment will continue. The pair wasn’t affected by the latest ECB policy decision that took place on Thursday, in which we saw all monetary settings left unchanged.
For this week we expect the price to continue rising slowly until we test the strong resistance that we highlighted on the chart. From there we can see the price dropping towards the 1.18 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week we expect the price to continue rising slowly until we test the strong resistance that we highlighted on the chart. From there we can see the price dropping towards the 1.18 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
