EURUSD Weekly analysis
- EURUSD rejected 1.1422 short term top. Initial bias stays on the downside this week to reach 1st support of 38.2% retracement at 1.11250.
- In the bigger picture, as long as 1.1496 area holds as a resistance, the whole downtrend from 1.2555 (2018 high) should still be in progress. The next target is 1.0339 (2017 low). However, a sustained break of 1.1496 level, a bias will be turned into bullish for retesting 1.2555.
- In the bigger picture, as long as 1.1496 area holds as a resistance, the whole downtrend from 1.2555 (2018 high) should still be in progress. The next target is 1.0339 (2017 low). However, a sustained break of 1.1496 level, a bias will be turned into bullish for retesting 1.2555.
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