ArceeBlade

EURUSD 17/05/2021

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OANDA:EURUSD   Euro / USA-dollar
Here is my continuation analysis of EURUSD. From my previous analysis of EURUSD, the price has been rejected from 1.2050-60 area and last Friday's daily candle showed that EURUSD still in bullish momentum. But if I look at the weekly candle, EURUSD made Hangingman candlestick which indicates that upside movement getting less pressure. For this week, I will be looking for a selling opportunity because I believe that EURUSD will go to the downside for a retracement before continuing to the upside again.

Disclaimer: This is my personal trade setup !! Please use this only for comparison with your own analysis.

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