EURUSD Weekly Outlook
EURUSD has been in a downtrend in recent weeks. It has recently hit major weekly support structure and formed a tripple bottom.
The market seems likely to be turning around from this level and we may be seeing an emerging uptrend. Price has broken above
a previous swing level at 1.1755, so we will be looking for buy signals on pullbacks to that level to get long.
Otherwise if price reaches the minor resistance level above at 1.1844 and we see a convincing sell signal, we will look to go short.
If price breaks above 1.1844 level we will look for pullbacks to that level for buying opportunities.
Finally we can look for buy signals off weekly support at around 1.15 to go long if price comes back down to that level.
The market seems likely to be turning around from this level and we may be seeing an emerging uptrend. Price has broken above
a previous swing level at 1.1755, so we will be looking for buy signals on pullbacks to that level to get long.
Otherwise if price reaches the minor resistance level above at 1.1844 and we see a convincing sell signal, we will look to go short.
If price breaks above 1.1844 level we will look for pullbacks to that level for buying opportunities.
Finally we can look for buy signals off weekly support at around 1.15 to go long if price comes back down to that level.
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