fxspott

EUR/USD IDEA

FX:EURUSD   欧元/美元
Here is an analysis on the EUR/USD

Our last prediction on this pair was too accurate as we predicted the EU rise & Fall, link is attached below

Currently trading @ 1.21300

We expect the EU to retrace at least back to 1.21 before continuing its bullish trend
EU has to treat 1.21 as support for it to turn bullish again
If it breaks below previous resistance @ 1.21 we expect it to test 1.20500 or support @ 1.20
Do note though that the DXY is weak at the moment, DXY has to treat 90.3 as support for it to confirm a reversal
Bullish harmonic forming on 1H chart


Link to our previous analysis below
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