EURUSD: decline
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Dear valued readers, Escaping the previous recovery channel has caused the product to decrease in price. At the time of writing, the currency market is still trading below the 1.0900 barrier. The downward trend is very strong because it cannot take advantage of the previous price increase.
Furthermore, the Euro is facing downward pressure after consumer confidence in the EU on Tuesday. This has contributed to a more negative market than ever before. It is expected that this price decline will reach 1.0821 and then break through this support level to reach 1.0761 as mentioned on the 4-hour chart.
What are your thoughts on this? Do you agree with me?
Furthermore, the Euro is facing downward pressure after consumer confidence in the EU on Tuesday. This has contributed to a more negative market than ever before. It is expected that this price decline will reach 1.0821 and then break through this support level to reach 1.0761 as mentioned on the 4-hour chart.
What are your thoughts on this? Do you agree with me?
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