As per our previous weekly outlook we expected price to move lower towards ascending trendline ...
This week we can see price is coming near to end of long term triangle pattern , where breakout expected .. however this week we can still see price moving between trendlines and potential range trading..
we can expect price to bounce from current trendline towards top of triangle , also there is good horizontal support below , so we recommend buying EURUSD in dips this week unless there is clean breakout below horizontal support , which would change bias to bearish continuation. ù
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This week we can see price is coming near to end of long term triangle pattern , where breakout expected .. however this week we can still see price moving between trendlines and potential range trading..
we can expect price to bounce from current trendline towards top of triangle , also there is good horizontal support below , so we recommend buying EURUSD in dips this week unless there is clean breakout below horizontal support , which would change bias to bearish continuation. ù
Follow us for more trade ideas and technical analysis..
