Weekly reviews

EURUSD market technical outlook

EURUSD

Weekly chart:

Market has renewed the high of the current upswing again. Most likely we’ll see direct testing of the pivot-zone 1.1510-1.1522, where a significant potential volume of sell offer is concentrated.


Conclusions:

So, we expect continuation of growth towards the 1.1510-1.1522 area and after that a new downswing will be triggered.

Trading recommendations:

  1. Longs in direction 1.1510-1.1522.

  2. Shorts from the 1.1510-1.1522 region.