EURUSD Analysis
My outlook on EURUSD. Price retraced to the 62% Fibonacci retracement zone, together with the neckline retracement of the W formation. Also its in the zone of forming a possible Inverted Head and Shoulders pattern. All of that together with COT conformation of a big increase in net positions on the COT report for EUR, indicates a Long position might be on the cards for this week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.