#EURUSD Weekly Technical Analysis

As seen in the chart above, last week was a recovery week for eurusd when most people thought the eurusd would break the support and fall, the eurusd broke the support but immediately recovered and returned to the rise so at the moment you can say it was a false alarm.
Now what we expect next week-Daily graph eurusd broke the resistance of Kijune Sen ( Ichimoku indicator) and currently seems stable with a target price of 1.1450-1480, (The weekly chart is still below the 200 moving average which is a sign of weakness of the eurusd so pay attention)
Stop Loss: 1.1230
Take Profit: 1450

Leave a Reply

Your email address will not be published. Required fields are marked *