News & Feeds July 31, 2022

EURUSD Forecast – Indecision Range

Previous EURUSD forecast talked about price reaching $1.02975 after successful bullish breakout to the upside. The price started with an indecision candle where the bulls and bears could not take the price to higher or lower levels. Small bullish indecision candle has formed inside the previous candle body. On Tuesday the price strongly moved down making a breakout from the small range that has formed in the previous week. It was a small signal the price was ready to move down. But the next day the price returned back inside the range area. It was a false breakout. On Thursday the price formed a bullish Pin bar which