Dear Traders,
The EURUSD has struggled to regain the 1.1950 level as support.
You can see where the pair closed below the area earlier this month.
As long as the euro is below 1.1950 on a weekly closing basis, the idea of a move back to 1.1600 is front and center.
I’m also sticking to the weekly chart for now.
The EURUSD daily time frame is a mess, while the weekly chart below illustrates a pretty clear picture for the pair.
We’ll see what the week ahead has in store, but the EURUSD looks relatively weak while below 1.1950 on a weekly basis.
The EURUSD has struggled to regain the 1.1950 level as support.
You can see where the pair closed below the area earlier this month.
As long as the euro is below 1.1950 on a weekly closing basis, the idea of a move back to 1.1600 is front and center.
I’m also sticking to the weekly chart for now.
The EURUSD daily time frame is a mess, while the weekly chart below illustrates a pretty clear picture for the pair.
We’ll see what the week ahead has in store, but the EURUSD looks relatively weak while below 1.1950 on a weekly basis.