EURUSD Week View as on 19 feb
EURUSD
initially fell during the course of the day on Wednesday, but found
enough support just below to turn things back around and form a
hammer. The hammer of course is a very bullish sign and as a result
it’s very likely that we continue to rally after this move. A break
above the top the hammer is reason enough to start going long, as it
is a very positive signal. On that break higher, we believe that the
market will then try to reach towards the 1.13 level
next.
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