EUR/USD – Week 17 – Will the trendline trigger the pullback?
Last week, the ECB left monetary policy settings unchanged from the prior month.
In our previous analysis, we expected EURUSD to start a correction in order to gain further bullish momentum.
For this week, we expect the same thing, but first, we expect the price to reach the 4H trendline before it enters a corrective phase.
Keep an eye on Thursday’s ECB Interest & Deposit Rate decision as it may impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In our previous analysis, we expected EURUSD to start a correction in order to gain further bullish momentum.
For this week, we expect the same thing, but first, we expect the price to reach the 4H trendline before it enters a corrective phase.
Keep an eye on Thursday’s ECB Interest & Deposit Rate decision as it may impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
