EURUSD, Analysis (week 02/12/19): Bearish triangle?

ForexViking

Private, 1st Class
Messages
32
UR/USD - In general the sells won last week with a bullish spike knocking out anyone that didn't take profit.

On the technicals a bearish triangle forming/formed and maybe a bounce off the resisting MA.

Think we saw positive EUR news tip the balance against an uncertain USD which gave us a bullish spike.

I was a bit off in predicting EUR news to be a wet flannel but still managed to make gains through sells at start of the day.

Fundamentals appear quiet today so will be relying mainly on tech analysis

How do you think the pair is going to fair today? And for the week ahead? :)
Screenshot (2324).png
 

JungleTrader

Recruit
Messages
4
Structure is still holding nicely man it's a sell until S level 1 you've outlined in my opinion, Fundamentals are quiet so Technicals will win
 

bigdolly

Sergeant Major
Messages
868
Went long on EURUSD on Monday and my guess that support will hold made it an easy trade. Bur further movement is a bit controversial considering the pair had been long staying in 1.10-1.11 range.
 

louise.kepinska

Recruit
Messages
1
Really appreciate the insight you've shared here - be keen to see you examine other pairs and your forecasts for their future performance.
 
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