EUR/USD Weekly Prediction 01-05/09/2014
1 September 2014, 00:48
- We can see in the monthly chart below. There are no signs that this
recent bearish trend may be coming to an end any time soon, so we want
to trade in-line with that trend in the days and weeks ahead.
- Traders
should continue watching the daily and 4 hour chart for price action
selling opportunities, ideally after a retrace back to resistance.
- Note,
the key upcoming support levels as seen on the monthly chart below,
near 1.2750 and further below near 1.2050, if this bearish trend
continues we wouldn’t be surprised to see price test these key chart
levels in the coming weeks and months.
