Weekly reviews

EURUSD market technical outlook

EURUSD

Daily chart:

Upswing was fully completed last week, that allowed bears to launch a new round of sell-offs in an impulse style and it allows them, at this moment, to count on further drop of the quotes under the last low of the structure (1.1216). Thus we can expect euro at the psychological levels 1.1100 and 1.1000 during upcoming week.


Conclusions:

Decline in direction 1.1100 and 1.1000.

Trading recommendations:

Shorts towards 1.1100 and 1.1000.