EURUSD- Weekly Forecast 13th - 17th May
EURUSD consolidated at the beginning and finally climb as expected, breaking above a falling trendline too.
The price is now facing strong resistance at 1.1250, preventing it from breaking new high.
If the price continues to climb, it will complete an ABCD pattern as it reaches 1.1300.
The first 3 trading days will be very crucial for whether EURUSD will resume its downtrend or the bull is still strong enough to climb higher.
The price is now facing strong resistance at 1.1250, preventing it from breaking new high.
If the price continues to climb, it will complete an ABCD pattern as it reaches 1.1300.
The first 3 trading days will be very crucial for whether EURUSD will resume its downtrend or the bull is still strong enough to climb higher.
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