#EURUSD, expected bull in Week 15, turning bearish in Week 16?
EURUSD moved as expected from Week 15's analysis. It made a bullish move and break into bullish level 3 ending the week with a full bullish move.
Traders going long would be rewarded, however, short sellers who caught the dip in the middle of the week would be rewarded as well.
In this week's analysis, we see that the pair has gone up to bullish level 3, where potential reversal usually occurs. While it is still premature to say that a complete reversal shape has been formed, it pays to be prudent and avoid the pair till the next signal comes along.
So for the lack of any price pattern and just the fact that it is currently in bullish level 3, I am going to place a neutral outlook on EURUSD.
For traders who want to trade the EURUSD, it pays to monitor and look for long or short signals.
If my analysis helped you in any way, I hope you can like and follow me on TV! =)
Traders going long would be rewarded, however, short sellers who caught the dip in the middle of the week would be rewarded as well.
In this week's analysis, we see that the pair has gone up to bullish level 3, where potential reversal usually occurs. While it is still premature to say that a complete reversal shape has been formed, it pays to be prudent and avoid the pair till the next signal comes along.
So for the lack of any price pattern and just the fact that it is currently in bullish level 3, I am going to place a neutral outlook on EURUSD.
For traders who want to trade the EURUSD, it pays to monitor and look for long or short signals.
If my analysis helped you in any way, I hope you can like and follow me on TV! =)
