EUR USD - QUARTER 4 MOVE
Price monthly despite bearish , it still fail to break previous month trend and HL where as August low was at 1.6616 whereas September at 1.17164 and the trend itself generally remain bullish.
This is supported with the price rejected 1.1750 key level with bullish momentum occurs last week.
My view is that the price will remain bullish towards 1.2250, and potentially higher if price manage to break beyond 1.2250 - 1.2750.
If by year end (december 2017) fail to break above 1.2250 , then there`s a potential of bearish back towards 1.1250.
This is supported with the price rejected 1.1750 key level with bullish momentum occurs last week.
My view is that the price will remain bullish towards 1.2250, and potentially higher if price manage to break beyond 1.2250 - 1.2750.
If by year end (december 2017) fail to break above 1.2250 , then there`s a potential of bearish back towards 1.1250.
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