EUR/USD: Week 44 Outlook
EUR/USD moved lower by -94 pips last week, to complete a completed correction a short 4 Hour correction, looking to rally higher.
The EUR/USD had an impulsive rally; falling short of the $1.12 target. We may see this level come to fruition as last week's pullback solidified off of $1.075 as support. We believe we will see a rally to $1.12 and beyond within the next week or two.
Momentum holds strong as long as BREXIT news or overpowering U.S. news comes to disrupt its momentum. Wednesday’s (10/30) Fed meeting info and speeches come out and this Friday (11/1) the U.S. Non-Farm figures and unemployment data are released, which could have some effect on markets depending if analyst estimates are beaten or missed.
THE PLAY: We bullish on the EUR/USD, long above 1.1140.
The EUR/USD had an impulsive rally; falling short of the $1.12 target. We may see this level come to fruition as last week's pullback solidified off of $1.075 as support. We believe we will see a rally to $1.12 and beyond within the next week or two.
Momentum holds strong as long as BREXIT news or overpowering U.S. news comes to disrupt its momentum. Wednesday’s (10/30) Fed meeting info and speeches come out and this Friday (11/1) the U.S. Non-Farm figures and unemployment data are released, which could have some effect on markets depending if analyst estimates are beaten or missed.
THE PLAY: We bullish on the EUR/USD, long above 1.1140.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.