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EUR/USD: Weekly Preview. What Challenges Does the New Week Hold?
The EUR/USD currency pair significantly decreased
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The EUR/USD currency pair significantly decreased last week, and the anticipated new wave of the bullish trend that many have been waiting for 8-9 months is once again postponed. Although the euro has been declining for exactly one month (the drop began on April 17), this movement is merely a correction, which is clearly visible even on the 4-hour timeframe. Unfortunately, corrections occupy a large portion of time in the currency market, and there is little we can do about
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Paolo Greco,
Analytical expert of InstaForex
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Stanislav Polyanskiy
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