EURUSD fell for 4 consecutive days last week as the price failed an attempt to rebound on last Friday.
Although there's little sign of reversal at this moment, the price may soon retrace due to overselling.
As the monthly candle has closed, it has shown that EURUSD is set to fall even further towards 1.09 which is a 24-month demand zone.
In this week, we are expecting the price to fall at first but will pull back soon enough towards the supply zone around 1.13.
Once retracement is completed near 1.13, we can follow the trend and continue to short beyond 1.12.
Although there's little sign of reversal at this moment, the price may soon retrace due to overselling.
As the monthly candle has closed, it has shown that EURUSD is set to fall even further towards 1.09 which is a 24-month demand zone.
In this week, we are expecting the price to fall at first but will pull back soon enough towards the supply zone around 1.13.
Once retracement is completed near 1.13, we can follow the trend and continue to short beyond 1.12.
