EURUSD on the background of a strong dollar may continue its decline. A flat and support retest is being formed. If the dollar goes up, the currency pair will break the support
We observe the formation of a bearish trend. Earlier, the price tried to break the trend resistance and change the market direction, but only managed to form a flat between 1.0635 - 1.05000. The support is being retested on the background of
DXY strengthening. The price will go up at the next retest, which will have a negative impact on EURUSD.There is a possibility that the price may retest the flat resistance or one of the moving averages before further decline.
Support levels: 1.05000
Resistance levels: 1.05600, MA50
In the long term I expect a breakout of the support at 1.05000, but it can happen either on a retest or after a pullback.
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.