EURUSD weekly Breakdown
Euro vs Dollar (EURUSD) Was in bullish run till mid of April 2018 and then It break below the Bullish Trendline and since that time its Continuously making the New lows and as we can read in the last technical Blog of EURUSD pair that it was hesitating to break below the 1.16500 due to another Bullish Trendline From bottom.
Now on this pair, we could notice that price was into the bearish momentum but last week Price has broken above the resistance level which in the region 1.17000-1.17300 and also above the bearish Trendline which we could see in the chart, EMA is also taken over the price which indicates the price to Start bullish movement from this point.
Our First target and resistance region is 1.19500-1.20000 where we will see price action for further predictions.
Now on this pair, we could notice that price was into the bearish momentum but last week Price has broken above the resistance level which in the region 1.17000-1.17300 and also above the bearish Trendline which we could see in the chart, EMA is also taken over the price which indicates the price to Start bullish movement from this point.
Our First target and resistance region is 1.19500-1.20000 where we will see price action for further predictions.
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