AlgoVenture

EURUSD: Weekly Forecast 6th February 2022

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD made a strong V-shaped recovery throughout the week, the biggest weekly gain in almost 2 years.

The move also caused a break-above of a 8-month falling trendline, making a stronger case for more upside in the coming weeks.

This week, we expect more correction at the beginning and will be looking for buying opportunities around 1.1380.
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