EURUSD Technical Outlook
Chart 1: Daily | Chart 2: Weekly
Both the Trendine and Horizontal Resistance Level were breached and we saw a retest back to the breakout point. Price breached the median weekly trendline with strong upside momentum. I continue to be bearish for the longer term, however..I expect we could see continued upside momentum in the near term…with the next test to watch at the weekly trendline resistance zone.
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Chart 1: Daily | Chart 2: Weekly
Both the Trendine and Horizontal Resistance Level were breached and we saw a retest back to the breakout point. Price breached the median weekly trendline with strong upside momentum. I continue to be bearish for the longer term, however..I expect we could see continued upside momentum in the near term…with the next test to watch at the weekly trendline resistance zone.
Go Here to View Technical Outlook on Other Pairs
Attached Image(s) (click to enlarge)
