nelsyboy

EUR/USD Future Movement

FX:EURUSD   Euro / U.S. Dollar
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On the 26th May I suggested a possibly movement UP based on four attempts at breaking through resistance and dollar weakness. This played out and now looking at the weekly chart, you can once again see a SELL zone and TREND LINE junction. Therefore, it looks like a little bit further to go before a turn down. However, some pairs are now showing possible dollar strength coming back into play. So it could just turn tomorrow but I hope it plays out to the upside first. SELL orders to be set close to SELL zone.