Weekly reviews

EURUSD market technical outlook

EURUSD

Weekly chart:

So, the past week was closed by false upward break of the inside bar and considering the testing of the pivot-zone 1.1490-1.1522, it’s a solid sign of the new downswing start in direction of the low 1.1215.


Conclusions:

So, we expect a start of new downswing in direction 1.1215.

Trading recommendations:

Short-trades towards 1.1215.