Analysis and Forecast EUR / USD - Weekly review (08.02-12.02)
The outlook for EUR / USD:
On Friday, after a strong rally that took place throughout the week, there was profit-taking. Currently, Eurodollar located around 23.6% of the abolition of the past, and increases in my opinion, the adjustment should be deepened. In the coming hours, the supply should take the initiative and lead to declines in the level around 1.1081. In the case of his defeat, the next objective will be 1,10-1,1030 zone aids (50% removal and peaks of 9-15 December). In the longer term I expect further gains towards 1.1246 and 1,1280-1,1310. Ultimately, demand should aim to test the level of 1.1495. It is worth mentioning that the last of the levels is crucial for further direction in the medium term.
On Friday, after a strong rally that took place throughout the week, there was profit-taking. Currently, Eurodollar located around 23.6% of the abolition of the past, and increases in my opinion, the adjustment should be deepened. In the coming hours, the supply should take the initiative and lead to declines in the level around 1.1081. In the case of his defeat, the next objective will be 1,10-1,1030 zone aids (50% removal and peaks of 9-15 December). In the longer term I expect further gains towards 1.1246 and 1,1280-1,1310. Ultimately, demand should aim to test the level of 1.1495. It is worth mentioning that the last of the levels is crucial for further direction in the medium term.