EUR/USD Weekly Forecast – 24 July – 28 July

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Saturday, Jul 22 2017

EUR/USD Weekly Forecast – 24 July – 28 July

Euro spent last week in an uptrend going all the way to 1.1680 area at the end of the week. Pair was mostly supported by hawkish ECB comments and overall weakness in US dollar. As for next week we would pay more attention to US figures. Any type of supportive candles around 1.16 and 1.1550 area would be short-term buying signal, while resistive candles above 1.1750 and 1.18 level would be short-term selling opportunity.

In long-term trends, after this huge uptrend, we have no interest in selling the pair. However, we expect plenty of resistance all the way up to the way to 1.20 handle.

More in this category: « GBP/USD Weekly Forecast – 24 July – 28 July AUD/USD Weekly Forecast – 31 July – 04 August »

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