Forex Education Center- EUR/USD Price Action For This Week,What's up friends .... reunited with forex price analysis this week, I take this analysis is based on W1 or weekly time frame.
For this time you will get information on the price of the currency pair EUR / USD is going to look like in the picture below
Looking at the picture above, we will obtain an analysis for this currency pair.
After experiencing a decline in the price action that occurs in a long time during the last month now it seems the pair looks like it is time to return to the next price trends.
The pair will be supported technically drive prices visible
support 1 = 1.23520
Resistance 1 = 1.29879
Resistance 2 = 1.31870
Based on the level of support and resistance that occurs then the pair today or at least this week has a tendency to take action bullish trend, although the potential for a bearish trend, there is still enabled the pair to get to 1.23520 as a strong support level monthly.
This situation will be achieved depending on which one first, if it turns out the pair managed to rise towards bullish trend means that the price range will be pursued in accordance with the above position limits support and resistance levels that are already visible.
We look on daily time frame first
When we loook at Daily Time frame its will be bullish trend to 1.29879 than the true of trend will be correctly down trend again.
Conclusion
Buy for EUR/USD for this week close at 1.29879 than Sell on that level.
