FX:EURUSD   Euro / U.S. Dollar
Eurusd bounced of the weekly 61.8 retracements this week, we saw Bulls come back into the market after Draghi speech and push price higher. Euro is still substantially weaker due to subpar economic performance and no clear signs of an economic recovery in the Euro area. Euro should weaken against a strengthening Dollar, as we can see from the charts the bullish momentum is slowing at the trendline that has been respected for weeks now. My prediction is a restest of the trendline then a break to the downside back at the weekly 61.8 retracements Zone.
nice work.. same outcome different way of coming to the same conclusion!

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Announcepuppy6 Captain_Walker
@Captain_Walker, Retail traders unite
+1 Reply
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