EURUSD Weekly Forecast 13th - 17th April 2020
EURUSD was unable to form lower lows this week, and has found support at previous demand zone.
This is mainly due to the Dollar weakening with extra liquidity being injected into the economy.
Price has been steadily rising after finding support, and is soon arriving at 1.100.
This week, should the price break the 1.100 level, we are expecting further upside till previous supply zone formed at an inside bar candle.
Small retracements similar to previous ones should provide an opportunity for short term Long on EURUSD
This is mainly due to the Dollar weakening with extra liquidity being injected into the economy.
Price has been steadily rising after finding support, and is soon arriving at 1.100.
This week, should the price break the 1.100 level, we are expecting further upside till previous supply zone formed at an inside bar candle.
Small retracements similar to previous ones should provide an opportunity for short term Long on EURUSD
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