Euro / Dólar Americano
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EURUSD Weekly Forecast 3rd - 7th August

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EURUSD has formed a second wave of uptrend, similar in volume to the previous wave, and has found resistance at a significant supply zone this week.
As bearish as USD is right now, it is about time for a pullback / correction, thus we should wait for a consolidation pattern or a retest of previous low before continuing to buy EURUSD.
This week, we should see EURUSD range for a few days, similarly to the previous consolidation, before breaking current high.
Look to buy EURUSD again once a support pattern has formed, or conversely, we could look for intraday EURUSD short trades. That would however be risky considering how bearish USD is right now.

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