Forecasting EUR/USD
Price will go on a minor uptrend touches the top resistance level at 1.18014 or 1.18616 reason because, the downtrend is not steep enough plus price touches the 200 EMA. I don't think price will go on the over bought area passing the 2 deviation BB because of the previous price setup. From experience, normally after a double or triple bottom will create a strong momentum passing the BB.
In conclusion, price will be moving downtrend creating one or two touches on the 200 EMA and continue the downtrend.
Going to be a strong downtrend maybe, stop at 1.15413 which was the previous low or 1.17216 which was previous consolidation area.
Again this is my forecast for this pair nothing really legit information here. It is really base on experience. Cheers! 😎
In conclusion, price will be moving downtrend creating one or two touches on the 200 EMA and continue the downtrend.
Going to be a strong downtrend maybe, stop at 1.15413 which was the previous low or 1.17216 which was previous consolidation area.
Again this is my forecast for this pair nothing really legit information here. It is really base on experience. Cheers! 😎
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