Weekly Outlook on EURUSD
Short-term, this pair has some bullish potential. It is currently sitting within a zone of significant lows, and with waning momentum on the USD index, it could return to the value zone and even continue towards the top of the current descending channel. Not interested in entering, but very interested in future opportunities. If it does not reach the top of the channel, it could continue to consolidate into a well-defined triangle. Let me know what you think, whether you agree or disagree!
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