After careful analysis of the euro chart the overall outlook for next week (5th-9th) is bearish with first target being 1.1341
Since the 24th of September the euro market has been on a CONSISTENT down trend. While on the daily chart there is some what of a head and shoulder pattern which could give an explanation to the current movements of the market. After the...
My bias on EURUSD is bearish and the reason for this, is the potential head and shoulder pattern and the trend line .
my prediction is 1.0779 which is over a 300pip fall. Goodluck
Next possible target on this pair is 1.3290 which would be this pair all time low.
But if there is a break of the trend line, this would pair would most likely be bullish.
The EU referendum which is on the 23 June might be the decider, due to the pros and cons of both sides.
Be careful when trading this pair as there could be high manipulation.
Seems EURUSD isn't done with it's channel.
Next estimated target 1.17500
Pull back expected before continuation to target.
Be careful when trading this pair, as this is the fourth move in this channel.
Your opinions would be much appreciated.
