EURUSD WEEKLY ANALYSIS 19-24 October 2015

EUR/USD WEEKLY ANALYSIS 19-24 October 2015

Last week EURUSD had different action.

At the beginning EURUSD goes up and at the end of week it had bearish trend.

Please look at the pictures:

As you can see on candle stick analysis we can say that the next week candle can be bearish.

So in the next picture we can see bump & run pattern so with 2 different view we can say that the next week we should think about sell position.

EURUSD view according to the Forex economic indicators:

To get a good view for trading on EURUSD in the next week  we can compare the most important Forex news on EUR and USA :

As you can see in the above table we had not any good important economic indicator for EUR then it seems that EUR will go to be weak in the next week.

Author: Mohsen J. From  PipSafe Team

www.pipsafe.com