If we do break through the uptrend line, we probably drift a little bit lower, perhaps reaching towards the 1.21 level where we would expect to see even more support.
EUR/USD Weekly Forecast - 16 April - 20 April
The EUR/USD pair rallied significantly during the week, breaking above the 1.2350 level before turning around to form some type of shooting star like candle. However, we have a hammer just before, and then also have an uptrend line that could support this market.
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