EURUSD- Weekly Forecast 22nd - 26th April
EURUSD took an unexpectedly bearish turn as a lack of demand failed to maintain the price higher and a weak Euro data caused a snapped in the shared currency.
The price broke 2 higher lows in one wave thus making a strong case for further bearish movement to follow.
Due to Easter Day, volatility will be low and the price may continue to retrace higher.
We can wait for a selling opportunity near 1.1280 just above the Fibonacci level 50% and short towards 1.1180.
The price broke 2 higher lows in one wave thus making a strong case for further bearish movement to follow.
Due to Easter Day, volatility will be low and the price may continue to retrace higher.
We can wait for a selling opportunity near 1.1280 just above the Fibonacci level 50% and short towards 1.1180.
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