Market Recap

Weekly Market Recap

So that you always know what to expect.

After reaching the target at 1.091, it seems to have finished a 5 five upward cycle.

Profit taking could push this pair down to 1.07.

After reaching the target at 1.091, it seems to have finished a 5 five upward cycle.

Profit taking could push this pair down to 1.07.

Despite a possible rebound in the US dollar, there is a head and shoulders pattern that could make this pair plunge from 1.333 to 1.32-1.323.

It built a double top at 1.006-1.008. The last four months bounce reached the 61.8% of the June-September fall that went from 1.052 to 0.94.

There’s a chance it could resume its main bearish trend. Its near term target would be around 0.993.

It built a double top at 1.006-1.008. The last four months bounce reached the 61.8% of the June-September fall that went from 1.052 to 0.94.

There’s a chance it could resume its main bearish trend. Its near term target would be around 0.993.

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