EURUSD Analysis (ongoing thread)

TareqS

Corporal
Messages
84
The price may make a bullish reversal now. It seems that it has found its support and had a bounce. Thus, the price may make at least bullish correction here. Let us wait and watch what happens.
 

ForexViking

Recruit
Messages
139
EURUSD - 25/10/2021 - Initially last week long trades were the winners but we’re now stuck in a range with a week dollar.

1.166 top and 1.162 bottom defines the range and long term I’m looking for a breakout towards the downside.

This week will be a ECB meeting with Lagarde unlikely to say anything in support of a stronger EUR.

We’re also seeing the energy crisis begin to hit Europe which will dampen economic recovery.

All in all can see l a less positive case for the EUR leading me to aim for the shorts this week.

Do you see more upside for EURUSD or feel the negative news from Europe will weigh on the pair? :)

#financiallyfreetrader
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