EURUSD PROjections week of 9/1

1 בספט׳ 2019

EURUSD

Overall, I do not believe this downward trend has completed. I do however feel a pullback will take place over the course of the week, potentially bringing in some limited short-term buy opportunities. The bearish momentum candle with the extended wick into the support zone suggests that bulls are willing to enter the market at these prices. I expect a small rally to run out of steam near the closest resistance zone when all the orphaned bears come to feast on an extended trip south. EUR, get your s*** together.

visit us at blackorchidfx.com!
For amazingly insightful reading material, check out our blog at blackorchidfx.com/blog
Leave a comment so we know you were there!