Anticipate High Volatility This Week with EURUSD pair
The EURUSD currency pair is showing a lack of momentum to the upside, with the possibility of a pullback to gauge potential uptrend continuation.
Price rejection at the supply zone of 1.09114 and price closing below 1.08424 suggest trading back to the first demand zones.
A double-top reversal pattern is also forming on the 4-hour chart, with price trading near the 200-SMA on the 1-hour chart.
The coming week may not result in high volatility but expected high-impact news may cause the US dollar to be volatile.
Price rejection at the supply zone of 1.09114 and price closing below 1.08424 suggest trading back to the first demand zones.
A double-top reversal pattern is also forming on the 4-hour chart, with price trading near the 200-SMA on the 1-hour chart.
The coming week may not result in high volatility but expected high-impact news may cause the US dollar to be volatile.
