Weekly technical levels:
Trading recommendations:
EUR/USD: According to the previous events, the price has still been trapped between 1.3745 and 1.3703. Buy above 1.3630 with target at 1.3733, then 1.38. Below 1.3810, look for further downside with the first target of 1.3766, then 1.3686. Stop losses should be placed above 1.3840 (for short positions) and set below 1.3605 (in case of buying at 1.3630).
Notes:
If the trend is ascending, then the strength of the currency will be defined as following: USD is in uptrend and CHF is in downtrend. Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is in a trading range; it looks like the trend is trapping and going up or down. If you sell or buy in the long term, you will surely lose your profit. Stop loss should NEVER exceed your maximum exposure amounts. As a rule, the market is highly volatile if the last day had huge volatility.