EURUSD continues to form a downtrend. The price updates the local minimum, reaching the target indicated last year :). What's next?Fundamentally, the situation is weak due to Trump's policy towards the euro zone. The strong dollar also increases the bearish pressure on the market.
Technically, the priority figure is the downtrend and the previously broken consolidation boundary - 1.033.
It is this zone that the price is currently aiming for as a zone of interest.
Resistance levels: 1.033, 1.0448
Support levels: 1.022
Both technically and fundamentally the situation is weak, therefore, the emphasis on strong resistance levels from which the fall may resume.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢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.