From news to fibs.
EURUSD
The dollar is showing signs of weakness from last week and could be showing signs of that this coming week with the ongoing trade war and the euro zone as of last week showed that the economy is slowing. This may cause the pairs in this week to be ranging, however possible outbreaks for the bulls could loom if the dollar weakens against the EUR.
Bears are going below support levels on the Fibanacci retracement but what time will we see a possible breakout? The RSI is showing some signs of divergance. However, MACD hasn't crossed over yet and 200 moving average is in a sell.
We may see it hit as low as 1.11929 level but there could be a possible outbreak in the area from 1.11987 to 1.11929. Keep an eye out!
Keep and eye out on your indicators and see what the news will bring to the charts this coming week and the change of sentiment.
Best Wishes,
FXbanksy98
EURUSD
The dollar is showing signs of weakness from last week and could be showing signs of that this coming week with the ongoing trade war and the euro zone as of last week showed that the economy is slowing. This may cause the pairs in this week to be ranging, however possible outbreaks for the bulls could loom if the dollar weakens against the EUR.
Bears are going below support levels on the Fibanacci retracement but what time will we see a possible breakout? The RSI is showing some signs of divergance. However, MACD hasn't crossed over yet and 200 moving average is in a sell.
We may see it hit as low as 1.11929 level but there could be a possible outbreak in the area from 1.11987 to 1.11929. Keep an eye out!
Keep and eye out on your indicators and see what the news will bring to the charts this coming week and the change of sentiment.
Best Wishes,
FXbanksy98