The price action looks rather bearish for the EURUSD but the fibonnaci 50% retracement is near and we should see some kind of support there.
BEAR CASE
Our prediction is that we will find a shot upwards move early next week, followed by a dump towards the 1.15 levels before significant upside can be found
BULL CASE
The move up may be stronger than expected but the 1.15 level must be tested before a price reversal can be found.
PS: We will not participate in the short move, our bias is towards the upside and will camp for a retest of 1.15
BEAR CASE
Our prediction is that we will find a shot upwards move early next week, followed by a dump towards the 1.15 levels before significant upside can be found
BULL CASE
The move up may be stronger than expected but the 1.15 level must be tested before a price reversal can be found.
PS: We will not participate in the short move, our bias is towards the upside and will camp for a retest of 1.15
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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.
Disclaimer
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.