EURUSD - Weekly Forecast 8th - 12th April
EURUSD has turned out as expected except for the fact that the volatility of the range is smaller.
The price did not show any strong rebound near the 21-month demand zone which could be just a delay.
Therefore, in this week we expect EURUSD to rebound and climb towards the supply zone at 1.133.
However, due to the uncertainty that the dollar has presented, we would like to wait for a clearer sign of reversal before jumping in to buy.
The price did not show any strong rebound near the 21-month demand zone which could be just a delay.
Therefore, in this week we expect EURUSD to rebound and climb towards the supply zone at 1.133.
However, due to the uncertainty that the dollar has presented, we would like to wait for a clearer sign of reversal before jumping in to buy.
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