EURUSD Weekly Forecast 17th - 21st Feb 2020
EURUSD continued its downtrend this week and has broken 4-months low.
This is due to the Euros weakening due to GDP slowing down, and also the Dollar has been rising consecutively for a week.
However, with the EURUSD breaking lows and falling for 10 consecutive days, it is currently oversold and we are expecting a retracement to occur soon.
With the breaking of new lows, this may be the start of a new downward channel, so a technical retracement may offer sell opportunities.
This is due to the Euros weakening due to GDP slowing down, and also the Dollar has been rising consecutively for a week.
However, with the EURUSD breaking lows and falling for 10 consecutive days, it is currently oversold and we are expecting a retracement to occur soon.
With the breaking of new lows, this may be the start of a new downward channel, so a technical retracement may offer sell opportunities.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.