EU

Price fail to touch 1.0775 last week despite trying out once and nearly touch it with the highest at 1.07749.

As the price reversal from bullish towards bearish as it has break 1.0725 - 1.0675 with the week close below 1.0700, my target of sell (from 1.0725) is a long term trade towards 1.0000 (parity level) and the nearest at 1.0500.

So let us see on the next week price.

1) If the price bullish on the first half of the week and touch / break 1.0775 then potential towards 1.0825 provided IT TOUCHED and close above 1.0800. Otherwise trend may resume bearish towards 1,0750 - 1.0675

2) if the price bearish on the first half of the week and touch / break 1.0625 and closes below 1.0600, then momentum remain towards 1.0500.

3) if the price bearish on the first half of the week and touch / break 1.0625 but closes above 1.0600, momentum may range between 1.0600 and 1.0650 until a clear break out at 1.0675 (for bull) and 1.0575 (for bear) occurs.