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Back Wave analysis
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Back Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on January 19th
EUR/USDAnalysis:Since December of last year, a
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EUR/USDAnalysis:Since December of last year, a descending shifting flat has been developing on the chart of the major euro pair. The price decline has brought quotes to the upper boundary of a powerful, potentially reversal zone on the weekly chart. No signals of an immediate reversal are currently observed.Forecast:Throughout the coming week, there is a high probability that the euro price will continue an overall sideways movement. In the next couple of days, pressure on the support zone can be
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Isabel Clark,
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