OPEN SEASON FOR THE BEARS

21 ביוני 2020

The last weekly candle closed very bearish and entered a weekly key level which may turn into resistance again if price breaks below. Thanks mostly due to how bearish last week's candle closed, I'm expecting a break below this level. A strengthening U.S. Dollar (DXY) should also play a role in the weakening of the Euro this coming week. I anticipate a move down to test daily support at 1.1000.