EurUsd- Correction over and new low soon?
As I expected and said 2 week ago, we can expect EurUsd to correct some of the recent aggressive drop, and it did.
This correction seems to have ended and now the pair is resuming its downtrend.
1.14 acts as a strong ceiling at this moment and rallies towards that zone should be sold.
Only a break above resistance would put a pause in this scenario and, if 1.14 holds, we can expect EurUsd to reach 1.1 by year's end
This correction seems to have ended and now the pair is resuming its downtrend.
1.14 acts as a strong ceiling at this moment and rallies towards that zone should be sold.
Only a break above resistance would put a pause in this scenario and, if 1.14 holds, we can expect EurUsd to reach 1.1 by year's end
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