Honey comb is broken, and the bear tasted the honey… I remain bearish…
A busy week is to come with critical events. Any event resulting against Euro shall drag the parity down the way to 1.1430. But in contrast, I don’t think that the events supporting Euro will carry EURUSD significantly higher.
SHS neckline level 1.1680 is broken (undersigned by ECB), and in my opinion this level will be a long lasting resistance level in the coming months.
EUR became the weak side. Any signs of USD strength shall move the price to a lower low, and in case of USD weakness I expect no winner but just a consolidation.
A busy week is to come with critical events. Any event resulting against Euro shall drag the parity down the way to 1.1430. But in contrast, I don’t think that the events supporting Euro will carry EURUSD significantly higher.
SHS neckline level 1.1680 is broken (undersigned by ECB), and in my opinion this level will be a long lasting resistance level in the coming months.
EUR became the weak side. Any signs of USD strength shall move the price to a lower low, and in case of USD weakness I expect no winner but just a consolidation.