Mohamed-Nagy

EUR/USD Analysis

FX:EURUSD   欧元/美元
as I said last week, guys, that the dollar faces a bad fundamental news and the Euro much better than the dollar and with the technical analysis there was a flag pattern plus a potential cup & Handel pattern witch mean there a strong chance to going up and that's what already happened

this week
I think after that big movement the price will take a little nap and pressing the brakes when? I don't know exactly at which level will reverse
so we need a confirmation by the price action and candles patterns, it may be also continuing going up to the next resistance

don't forget that there is no stability in the American economy at this period ( Adding A Million New Covid-19 Cases In Just 15 Days, lot problems with china,.....)

So be patient guys and choose the entry and exit point carefully and waiting for confirmation

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