There is a potential for growth for this pair, but a rebound to the price of 0.6695 is possible, then continued growth to the key resistance line.
EUR / USD is trading below 1.09, at the lowest since 2017. Worsening conditions in Germany and speculation of more ECB stimulus are weighing on the euro. The dollar benefits from elevated coronavirus fears after China reported a leap in cases. US CPI is awaited. From a technical perspective, the pair remains vulnerable to extend its ongoing bearish trajectory....
Since the end of September 2019, there has been a strong upward bullish trend, I hope this confident movement will continue in January. My goal for the coming week is 1.1245 ____________ If you are following my ideas and opening trades according to my analytics, please write to me and I will help you manage your trades. Thanks for your support!
Weakening of the daily trend + contact with a strong line of resistance.
A trend reduction to the first key levels 140.60, 139.60 and 138.50 is assumed.
Price has reached the top of the channel and started a bounce. We expect a good fall