Weekly reviews

Weekly EURUSD market technical outlook

EURUSD
Weekly chart:
Development of upswing continues in direction  of the pivot-zone 1.1500-1.1522. As we see, this swing is completed already, however, due to quite high close of the trading session last week, sellers are not supposed to regain control. Important support level 1.1300 is still attractive for a probable pullback and, correspondingly, for new long trades.

Conclusions:

So, we expect continuation of quotes’ recovery to the 1.1500-1.1522 zone.

Trading recommendations:

Long-trades from the 1.1300 level towards 1.1500-1.1522.