FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Hello traders and may your trades be profitable! The EURUSD pair may have already shown the peak of this trading week yesterday at the level of 1.1681. Currently, my key support is at 1.1656, and with each passing hour, it will move higher. If the hourly candle closes below it, it will open the way for the EURUSD pair to reach the support at 1.1603. I believe that this is likely to happen today; the bulls will be inactive and automatically shift towards selling, paving the way to 1.1603, a chance that the Americans will not miss. In general, I expect the EURUSD pair to drop from the current level of 1.1660 to 1.1603.