EURUSD continues to fall on the back of the strengthening dollar index. As I mentioned earlier in other ideas that the 103 level plays an important role for the 
DXY . The currency has consolidated above and headed towards 105, which makes both the forex and 
XAUUSD to fallThe chart shows a descending price channel that plays a key role in shaping the price. EURUSD breaks support at 1.0835 and forms momentum. Before the further fall, a quick correction to the resistance may be formed, after which I will wait for the price to fall to the nearest targets indicated on the chart. In the medium term, the currency pair may continue its decline until the USD policy changes.
Moving averages act as resistance, earlier MA-50 was tested by a false breakout
Resistance levels: 1.0835
Support levels: 1.0733
I expect the continuation of the fall amid the strengthening of the dollar. Euro is weakening, and the currency pair may fall to 1.06000
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.