EURUSD: Weekly Forecast 2nd January 2022
EURUSD has been squeezing out more bulls and managed to stand above an one and a half-month consolidation.
While the overall trend is still clearly bearish, there's just about enough gap between the current price and the supply zone at 1.1440 for another couple of bullish run in the intraday.
Therefore, we will wait for a pullback towards 1.1350 for an intraday buy in the coming week while looking out for a strong reversal as it approaches 1.1440 right at the top of a 7-month falling channel.
P.S. Give a thumbs up if you like our idea:) Do follow us as we will be providing daily trading ideas as a continuation to our weekly forecast. Cheers!
While the overall trend is still clearly bearish, there's just about enough gap between the current price and the supply zone at 1.1440 for another couple of bullish run in the intraday.
Therefore, we will wait for a pullback towards 1.1350 for an intraday buy in the coming week while looking out for a strong reversal as it approaches 1.1440 right at the top of a 7-month falling channel.
P.S. Give a thumbs up if you like our idea:) Do follow us as we will be providing daily trading ideas as a continuation to our weekly forecast. Cheers!
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