EurUsd Analysis for 07-02-2022

FX:EURUSD   Euro / U.S. Dollar
This is an analysis of Eurusd for the coming week. Technically, Eurusd has been in an overall downtrend printing lower highs and lower highs on the charts. recently, the price made a lower high from a demand area as shown on the chart approaching a resistance level as a result of talks from the ECB on interests rate hike from the fundamental stand point. However, the bull run was brought to a halt as the NFP reports from the US was released. the reports indicates a stronger USD hence signifying bearish opportunities for Eurusd . Sentimentally...

This trade setup is a swing trade setup and trade may last for a week or more. Let us take some risks, let us make some money.


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