alexkyp

EURUSD potential BUY

Long
FX:EURUSD   Euro / U.S. Dollar
The pair has been consolidating around the 1.1320-1.1350 area the past week , we can expect it to rise test the 1.1320 area again this week if it fails to break through door could open for highs such as 1.14.
The downward potential is covered by significant resistance around the 1.13 are and the big sell that the pair faced the past week with bears been exhausted the door for the bulls is open .
But it all depend on the DXY movement next week as it has been highly correlated with pair the past trading sessions.

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check the whole story with in the updates!
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Nice analysis mate, I can only see DXY weakening this week.
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alexkyp ApexFX_Pro
@ApexFX_Pro, yeah that was my guess too!
+1 Reply
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