EURUSD has broken below yet another important demand level at 1.1630 and closed with a very bearish weekly candle.
The dollar is clearly strengthening amid tightening expectation from the Fed grew stronger.
The trend is clearly bearish and thus we will continue to wait for selling opportunities.
If the market continues to find support at the beginning of the week, we could expect a pullback towards 1.1670 to sell, targeting 1.1520, then 1.1440.
The dollar is clearly strengthening amid tightening expectation from the Fed grew stronger.
The trend is clearly bearish and thus we will continue to wait for selling opportunities.
If the market continues to find support at the beginning of the week, we could expect a pullback towards 1.1670 to sell, targeting 1.1520, then 1.1440.