Is that the bottom on EURUSD?
The main questions that we get right now are if that's the bottom and are we going to see a reversal.
The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level.
Right now, we're in a pullback and we would expect to have more selling opportunities once it ends.
Such opportunities would be if price manages to push higher to around 1,0150 and it then reverses.
The targets will be again a retest of the lows and also a possible breakout.
Therefore, the trend is still valid and we should see a new lower low!
The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level.
Right now, we're in a pullback and we would expect to have more selling opportunities once it ends.
Such opportunities would be if price manages to push higher to around 1,0150 and it then reverses.
The targets will be again a retest of the lows and also a possible breakout.
Therefore, the trend is still valid and we should see a new lower low!
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