EURUSD consolidated for the first 4 trading days last week and finally rebounded off strongly near the previous low on its very first retest.
This is pretty much as expected as seen in my last week's forecast as that's just how EURUSD will react based on the previous new lows created.
The price is expected to climb again and forms the second bullish wave.
This week, wait for the price to retrace towards the immediate demand zone at 1.1115.
The retracement should take around 30 pips should the 2nd bullish wave is meant to form.
This is pretty much as expected as seen in my last week's forecast as that's just how EURUSD will react based on the previous new lows created.
The price is expected to climb again and forms the second bullish wave.
This week, wait for the price to retrace towards the immediate demand zone at 1.1115.
The retracement should take around 30 pips should the 2nd bullish wave is meant to form.
