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Will EURUSD reverse or at least Retrace soon?
EURUSD has dropped to 1.0880 last week as I predicted. However, it broke that level and kept dropping even further which is something I didn't expect.
So, will there be a reversal in EURUSD soon? Or at least a retracement?
Looking at the chart there is a possibility of a drop to 1.0720 area which happens to be the bottom of the channel.
If it goes there this week, we might see a strong reversal to the upside.
That being said I have already started buying EURUSD from last week and I plan to keep buying the dips with a target of 1.10 and 1.12 within the next 3- 4 weeks.
So, will there be a reversal in EURUSD soon? Or at least a retracement?
Looking at the chart there is a possibility of a drop to 1.0720 area which happens to be the bottom of the channel.
If it goes there this week, we might see a strong reversal to the upside.
That being said I have already started buying EURUSD from last week and I plan to keep buying the dips with a target of 1.10 and 1.12 within the next 3- 4 weeks.
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