EURUSD Weekly Analysis

To add comments, please log in or register
Alexander Londono
802
Alexander Londono  

The EURUSD is posed to close the weekly candle to the downside, it could even continue falling towards the 1.0600 level. The US Dollar stays strong and if the US fundamentals continue coming out better than expected and the probabilities of a December rate hike continue rising, then the EURUSD pair may fall to the low at the 1.0500 zone. For now, lets see if it clears the 1.0600 level. On the other hand, the 1.0600 level may act as support and the pair may stall there or consolidate in that area. A pullback to the upside may take the EURUSD to the 1.0800 level or the 1.0900 level.

 EURUSD Weekly 

To add comments, please log in or register