Euro / Dólar AmericanoViés de baixa
EURUSD Weekly Forecast 9th - 13th March 2020
EURUSD has been on a steep uptrend for 2 consecutive weeks, breaking supply zones and key price 1.2000.
Even though Eurozone's economy has been stagnated and slowing down, the main reason for the steep bull run is due to the FED emergency rate cut.
This caused widespread panic and uncertainty causing the Dollar to plunge even further.
However, US data posted strong numbers with NFP and unemployment rate being better than forecast.
With how overbought EURUSD is, this week we expect a retracement back to supply turned demand zone around 1.1160.
Even though Eurozone's economy has been stagnated and slowing down, the main reason for the steep bull run is due to the FED emergency rate cut.
This caused widespread panic and uncertainty causing the Dollar to plunge even further.
However, US data posted strong numbers with NFP and unemployment rate being better than forecast.
With how overbought EURUSD is, this week we expect a retracement back to supply turned demand zone around 1.1160.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.