EURUSD: Weekly Forecast 10th - 14th Nov

Last week, EURUSD presented a strong reversal from and fell from the top of an 18-month falling channel for 5 straight days.
The price has already fallen 161 pips from the previous high but according to historical movement, there is still some bearish movement to cover before a bounce-back.
As indicated by the red bearish arrow, the actual volume for the full bearish wave is up to 220 pips, so that's about 60 pips yet to be covered.
Repeating patterns like this is a good gauge but waiting for the best entry price and adhere to strict risk management is still most essential.
We can look to sell EURUSD again in the earlier portion of the week from the 1.1040 to 1.1050 region, most likely resistance by a falling trendline in the H1 chart.
More shall be covered in our daily forecast later this week.

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