VasilyPonomarev
Short

EURUSD Wave Analysis & Midterm Projection

FX:EURUSD   Euro / U.S. Dollar

hey traders,

I hope you all enjoy the weekend.

I have received a lot of questions concerning EURUSD and what can we expect the following weeks.

On Friday the pair retraced from a strong horizontal support and momentum is overwhelmingly bullish .
I believe that next week bulls will push the market to retest the resistance of a major falling channel .
Being retested, following historical perspective, I suppose that the pair will drop and at least the current market low 1.09 will be reached.

Midterm bias remains bearish and I will stick to in until the channel will be broken to the upside.

good luck!

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EURUSD: Bullish or Bearish?
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