EURUSD, unexpected move in week 4, expected move for week 5
In week 3, we expected the bear to tapered down and bull to regain a foothold for week 4. However, EURUSD makes another push below the level 3 bearish zone and reached a level 4 bearish zone in week 4. While that was unexpected, since we are looking at a reversal at level 3, such move does happen.
EURUSD only went back to our outlook during Friday of week 4. A V-shaped rise cleared off four days worth of bearish move, giving a great indication the strength of the pending bullish trend. The analysis gave great confidence for the expected bull movement in week 5.
For the coming week, the analysis points toward a strong rise of EURUSD, so we can look for entry to EURUSD for the coming week.
So stay flexible and open-minded for week 5 and I hope you make a great profit!
If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
EURUSD only went back to our outlook during Friday of week 4. A V-shaped rise cleared off four days worth of bearish move, giving a great indication the strength of the pending bullish trend. The analysis gave great confidence for the expected bull movement in week 5.
For the coming week, the analysis points toward a strong rise of EURUSD, so we can look for entry to EURUSD for the coming week.
So stay flexible and open-minded for week 5 and I hope you make a great profit!
If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
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