EURUSD has experienced a significant 7-week bearish trend, and the price is currently positioned at a major key zone. Interestingly, for the first time in 7 weeks, the weekly candle for EURUSD closed in a bullish fashion, indicating the potential for bullish momentum to push the price higher. Whatever unfolds this week will play a pivotal role in determining EURUSD's future trajectory.
If the price breaches below the key zone, we can expect a continuation of the bearish trend. Conversely, if the price remains above the key zone, we might witness a trend reversal.
What are your thoughts on this? Feel free to share your opinions in the comment section below.
If the price breaches below the key zone, we can expect a continuation of the bearish trend. Conversely, if the price remains above the key zone, we might witness a trend reversal.
What are your thoughts on this? Feel free to share your opinions in the comment section below.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.