The euro started at around 1.08 on a weekly demand level and reached around 1.14 on a weekly basis. At the end of this week's trading, the price was able to break the upward trend line with 2 daily falling candles. In the current situation, the beginning of a downward channel for the euro can be considered that the price can drop to 1.11 in it.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
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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.