EURUSD: Weekly Forecast 10th - 14th June
EURUSD had the biggest gain in 10 months and the price has broken above a 5-month falling channel and closed just above a 3-month supply zone at 1.33.
The reversal of a bearish trend came after the price found support at a 2-year demand zone and consolidated for more than a month.
We can't be certain if this is a major or a temporary reversal but without a doubt, the price is going to climb higher.
If the price retraces at first, look for buy opportunity at 1.13 and the current projection of this bullish trend should at least reach 1.15.
The reversal of a bearish trend came after the price found support at a 2-year demand zone and consolidated for more than a month.
We can't be certain if this is a major or a temporary reversal but without a doubt, the price is going to climb higher.
If the price retraces at first, look for buy opportunity at 1.13 and the current projection of this bullish trend should at least reach 1.15.
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