EURUSD: Weekly Forecast 23rd January 2022
EURUSD pulled back deeper than expected but still found support at the bottom of a rising channel.
While the overall trend is clearly bearish, the 2 months bullish trend still holds and we could expect a stronger rebound from the current demand level towards 1.14.
This week, we will look to buy at the beginning while the price is still at the bottom.
We may attempt to sell again when it reaches the supply level at 1.14 as this may also develop into another bearish wave.
While the overall trend is clearly bearish, the 2 months bullish trend still holds and we could expect a stronger rebound from the current demand level towards 1.14.
This week, we will look to buy at the beginning while the price is still at the bottom.
We may attempt to sell again when it reaches the supply level at 1.14 as this may also develop into another bearish wave.
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