EURUSD... 123
EURUSD has been DROPPING!! Anyone taking a sell should feel like they hit the Lotto! We'll definitely keep an eye on news for the upcoming week. One thing I noticed in my analysis, is that we have a weekly level that is currently being respected. (Highlighted in Yellow) The trend is also very strong and we also have a monthly micro support level that we are approaching. I'm sure our students are already getting prepared for a possible bullish sentiment soon.
We haven't had a sound Retracement on our daily time frame. Which leads me to believe that the market is going to shoot for the stars and aim for 1.23 or close to it if this level is maintained. We'll see what happens in the coming days. Just be prepared if there is a weekly trend line break here. Especially since we had a monthly 61.8% Retracement.
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