After 2-weeks long bullish trend, reversal trend is apparently imminent for EURUSD. After a strong dip with the US Dollar Index, the US Dollar currency apparently has rebounced upwards, which greatly affects all other USD correlated pairs currency.
For EURUSD, we expect further dip as low as at Take Profit 2 level before rallies back up again.
Author:
S.I.D. Aizu