The Market Analysis for EURUSD for the week starting 8 Aug 2022 is bearish. We expect a weak EUR against the USD. Looking at the daily chart we can see the market is heading toward the lower Institutional zone. At the start of the week, we can expect the market to break the previous week’s low and retest the low before heading down to the Demand zone. If prices are rejected in the demand zone and failed to penetrate then we can expect the market to head upward, however, this can happen at the end of the week.
