EURUSD Forex Weekly - 3 - 7 Aug 2020
Last week pullback & temporary correction towards NFP this week.
We are still looking at US Dollar weakness & continue lower against EUR, JPY, AUD, CAD, NZD and others.
From our technical outlook, current price is above upper line - out of the channel (support key level) at 1.17500 , if price break below then high probability to retest towards median line support
Strong resistance still around 3.82 fibo at price 1.2000 and based on our weekly mapping price made reversal on lower line resistance, please refer to link related ideas
We might see a long retracement towards end of the week!
We are still looking at US Dollar weakness & continue lower against EUR, JPY, AUD, CAD, NZD and others.
From our technical outlook, current price is above upper line - out of the channel (support key level) at 1.17500 , if price break below then high probability to retest towards median line support
Strong resistance still around 3.82 fibo at price 1.2000 and based on our weekly mapping price made reversal on lower line resistance, please refer to link related ideas
We might see a long retracement towards end of the week!
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