EURUSD Weekly Forecast 3rd - 7th February 2020
EURUSD has found support at 3-month demand zone formed at the level where 4 month falling channel was broken.
Price shot up sharply after finding support , post-FOMC statement as USD kept rates unchanged as anticipated.
This week, we are expecting dollar to fall further, thus a recovery for EURUSD.
Await a retracement back to 1-month demand zone at 1.10711 - 1.10544
Price shot up sharply after finding support , post-FOMC statement as USD kept rates unchanged as anticipated.
This week, we are expecting dollar to fall further, thus a recovery for EURUSD.
Await a retracement back to 1-month demand zone at 1.10711 - 1.10544
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