Hello everyone, this is our weekly outlook for EURUSD pair for next week(s).
We are seeing nice triangle in play at the moment.
Should a breakout happen and daily & weekly candles close above resistance line - we should wait for pullback/retest and then go long.
If the price doesn't manage to break the resistance line, we should look for long opportunities from the support zone.
Target is on 1.25 area, if we see a break and close above then we are in a VERY bullish territory and we will probably see weekly resistance from 2008 being tested :)
Good luck!
We are seeing nice triangle in play at the moment.
Should a breakout happen and daily & weekly candles close above resistance line - we should wait for pullback/retest and then go long.
If the price doesn't manage to break the resistance line, we should look for long opportunities from the support zone.
Target is on 1.25 area, if we see a break and close above then we are in a VERY bullish territory and we will probably see weekly resistance from 2008 being tested :)
Good luck!