Hi there everyone..
Currently EURUSD is currently formed a bullish flag. If it breaks the flag it doesn't have much room to move on but still a good move to catch. On the other hand it is highly unlikely it will recover the losses of last week. The trend will resume lower and possibly will be bumping up and down within the dark rectangle areas for a while before it finds a destination. Unless another surprise comes out of FED Chairman's testimony the outlook will stay bearish or lets rather say bearish pressured.
Currently EURUSD is currently formed a bullish flag. If it breaks the flag it doesn't have much room to move on but still a good move to catch. On the other hand it is highly unlikely it will recover the losses of last week. The trend will resume lower and possibly will be bumping up and down within the dark rectangle areas for a while before it finds a destination. Unless another surprise comes out of FED Chairman's testimony the outlook will stay bearish or lets rather say bearish pressured.
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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.
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.