#EURUSD, end of bear in Week 17, start of bull in Week 18

EURUSD completed its bearish movement in Week 17, and towards the end of Week 17, it also tried to make a bullish move.

So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18.

EURUSD made a very expected bearish move in Week 17. I managed to catch part of the move and exited with some profits. I was heavy in USDJPY for Week 17.

With the end of the bearish movement in EURUSD, the analysis points toward a bullish move in Week 18.

Currently, EURUSD is seated in zone 3, which usually is a zone for the reversal to happen. Even though EURUSD ended the week with bearish candles on the H1 chart, the long tail that precedes it gave us comfort and confidence that the price will resume its bullish movement in Week 18.

I will be entering long on this pair for Week 18, it seems to hold a lot of potential for movement in Week 18. I hope all traders will continue to make good profit in Week 18!

Please like and follow me if my analysis provided you with any value! Thank you for supporting me!