Euro / U.S. DollarUpdated EURUSD for Next Week
Just as we thought the bulls have taken over for EURUSD, sellers came back into the market and brought price down to the May low. I am anticipating a further move down, looking for a weekly wick fill of the candle. I expect price to come back up and tap into that minor zone price level and the EMA before heading back down. If price is able to break the 1.150 zone, we should expect price to move further down to 1.1400. If price breaks 1.16500 zone, price should move back up to the next price zone of 1.17300.
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TP Hit
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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.