AlgoVenture

EURUSD: Weekly Forecast 23rd - 27th Sept (Happy Birthday to ME!)

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FX:EURUSD   欧元/美元
Yup, it's exactly the date of my birthday lol!
Alright, EURUSD has been trading within a range last week.
Although it seems slightly bearish for EURUSD, the fact that it's still staying supported at the bottom of the range says that the price could still climb further.
The long-term outlook for EURUSD stays bearish but this coming week could be a short-term bullish one, expecting the price to reach highest 1.1150.
Therefore, traders can look to long EURUSD at the bottom of the range from 1.10 onward or just wait patiently for the price to break above 1.11 to look for a short opportunity.
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