walid bounaas
1
All posts from walid bounaas
walid bounaas in walid bounaas,

EUR/USD Will Be Bearish In The Coming Week.

 After the bullish run and establishing an 1.3400 area resistance, the EUR/USD has extended its decline by dropping to major support around the 1.3098 price .  Momentum on this sharp downturn continues to be strongly bearish after three substantial down days, and is not showing any signs of relenting. A continuation of downside momentum moving forward into next week could see EUR/USD target its major support/resistance pivot level at the 1.3000 figure, a breakdown below which could move towards key 1.2800 support and then a potential resumption of the bearish trend that has been in place since early February.