EURUSD Post-Weekend Prediction

Technical POV:
EURUSD is in Downtrend since April 2018, and keep going down until last Wednesday. After that there is a retracement that currently happening.
I see a Penant pattern / Triangle that is occuring. Price should bounce upward in the opening of Monday, but for the long run I think it will break downside and keep going down.

Fundamental POV:
EUR is under pressure of sentiments such as Italy's country issue and their bond yields, even though the last update was that the yield came down from exceeding 3% (10yrs bond yield).

评论:

As the candles bounced back from the bottom of penant, it went through above and closed above the wedge with a candle in the Hourly chart as we can see. For the moment, EURUSD should be moving upward, continuing its trend upward that could reach 1.19 level in Weekly chart.

That is if all supported by good fundamental that support EUR or weaken DXY.