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EURUSD Weekly Outlook: Has The Big Reversal Started? Here’s What To Watch

From fxempire.com

FX Traders’ weekly EURUSD fundamental & technical picture, this week’s market drivers that could change it- the bullish, the bearish and likely EURUSD direction Summary Technical Outlook: Medium term per weekly EURUSD charts neutral, short term bearish. Deeper tests of support likely this week but need close below 1.35 before calling this a topping out Fundamental Outlook: Neutral near and medium term, as bullish, bearish forces remain in equilibrium. Bearish longer term due to expected divergence in direction of Fed and ECB policy, economic performance Last week’s only meaningful price mover was the ECB’s hint of ... (full story)

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  • Category: Fundamental Analysis