Last week, as expected, EURUSD rallied as expected due to the weakness of USD. However, on Wednesday, the rally was halted and higher prices were rejected with a massive shooting star on Wednesday's close of the daily candle. However, the move to the downside could not reach the previous low, and
Author: Amir
Amir is a graduate in International Economics. He has been active in the financial markets since 2014.
AUDUSD Trading Idea for the coming week of 29-April-2019
EURUSD trading idea for the coming week of 29-April-2019
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We are looking at an ascending channel. We can see that the market has formed bearish patterns after hitting the resistance, the upper line of the channel. Therefore, we can now expect the market to go looking for the immediate support as shown on the chart. Disclaimer: Our analysis and forecasts given