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Forecast for the week. Will there be a rebound in euro / dollar?
by admin ·
Euro decreased by good last week, but now is the question of whether the decline continued. The question is really very relevant, because the euro has almost reached a significant level of support that I have not written because I did not expect to decrease below 1.30 as early as this week. These are the levels of 1.2870 – 1.2850, if next week’s levels will not be punched down, and vice versa, that range from Euro draw a reversal, then we can take a good medium-term position and hold it until the end of the rollback.
If a rollback is still held, the first goal will be slightly higher than 1.32. At the same time, we can not exclude the situation that the market needed something a while to stand still. If you continue to range trade, the more likely we’ll see a corridor with the upper limit of 1.3050 – 1.3060 1.2950 bottom and, you know, it is safer shorts from the upper boundary, as We are still in a bearish trend.
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