Good morning all,
We notice on the weekly chart of EUR/USD , that the prices are trading within a downward channel then it witnessed some up corrections into a sideway triangle and we notice it has breached down all the support levels, so we expect it should continue its general bearish trend towards the 1.2624 level to form the second bottom , if it breach down this level , the next target would be towards the 1.2609 level.
As for the key resistance level, it lays at 1.2760 and should it breach up this level this would confirm the up corrections towards the 1.2806 level.
Good luck all
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
We notice on the weekly chart of EUR/USD , that the prices are trading within a downward channel then it witnessed some up corrections into a sideway triangle and we notice it has breached down all the support levels, so we expect it should continue its general bearish trend towards the 1.2624 level to form the second bottom , if it breach down this level , the next target would be towards the 1.2609 level.
As for the key resistance level, it lays at 1.2760 and should it breach up this level this would confirm the up corrections towards the 1.2806 level.
Good luck all
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
