The EUR/USD rate reached a low of 1.1606 and is now trading at 1.1629 as bears are still the dominating party. Immediate support rests at 1.1550 and if bears manage to break through it we can see further continuation of the downside move.
On the other hand, bulls might get motivated to buy the pair if it reaches the support zone and we could see a healthy pullback.
Chart: EUR/USD H4
Very helpful analysis.
ReplyDeleteThe move to the downside continues.
ReplyDeleteThe slide to the downside continues.
ReplyDeleteVery useful article.
ReplyDeleteThis pair seems unstoppable.
ReplyDeleteGreat post! I fully agree with your view.
ReplyDeleteThe pair is consolidating on the low.
ReplyDeleteGood post.
ReplyDelete