EURUSD: Weekly Forecast 20th – 24th Jan 2020

EURUSD was climbing at first as it found support and rebounded off 1.1085 on a harmonic pattern too. However, the bullish trend was weak which led to a technical selloff as it formed a bearish ABCD and the bear took over on the last trading day. T

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EURUSD: Weekly Forecast 23rd – 27th Dec 2019

EURUSD fell first as expected but was failed to discover any strong support for a strong rebound. As a result, a fake break at the top of the 18-month falling channel was confirmed and EURUSD fell last week. An ascending triangle was formed in the process and price is just about 40 pips away from the bottom of the pattern. S

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EURUSD H1: Price break below current week low but faces strong demand

Alright, so EURUSD did not hold and went on to break the current week low, which is Good! Last week, the price broke above the top of a 18-month falling channel around 1.1100 which potentially means that many sellers are trapped around the same level.

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