In our past analysis, we correctly forecasted that EURUSD will reach the support area. The move was triggered by the better-than-expected NFP data on Friday. On the other hand, the USD unemployment rate rose with 0.1%.
For this week, we expect the price to rise correctively and reach the confluence between the trendline and the resistance. After that, in the coming weeks, we expect the price to lose value and break the $1.17 low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to rise correctively and reach the confluence between the trendline and the resistance. After that, in the coming weeks, we expect the price to lose value and break the $1.17 low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
