EURUSD: Could Be Outperformed By The USD This Week!Euro/US DollarFX:EURUSDRT_MoneyWelcome back to the Weekly Forex Forecast for the week of April 20-24th! EURUSD is largely considered bullish in the near term, with technical indicators supporting a potential continuation of its recent upward trend, often targeting the 1.1900 -1.200 range. However, the pair faces a critical test near 1.1800-1.1850 with potential for a short-term pullback due to a bearish reversal signal on Friday. Factors to consider: Bearish Risks: A potential correction is expected at the start of the week after a strong rally, with a "bearish reversal" pattern (inverted hammer) spotted on Friday, according to. Macro Drivers: Market sentiment is currently focused on the potential for European Central Bank (ECB) rate hikes, while US inflation data (CPI) could strengthen the dollar and create downside pressure on the Euro. Geopolitical Impact: Continued uncertainty in the Middle East, specifically in the Strait of Hormuz, could drive safe-haven flows toward the dollar, reversing Euro gains. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.