EURUSD weekend, long -term analysis
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EUR/USD is facing downward pressure and has dropped below 1.0700 during Thursday's trading session in the US. The currency pair remained relatively quiet at the start of Friday, while technical prospects indicate a slight downward trend.
From the 4-hour chart, we can observe that EUR/USD has extended its upward trend, but a completed 5-wave Elliott pattern suggests a potential price decline followed by an expected price rebound.
EUR/USD is facing downward pressure and has dropped below 1.0700 during Thursday's trading session in the US. The currency pair remained relatively quiet at the start of Friday, while technical prospects indicate a slight downward trend.
From the 4-hour chart, we can observe that EUR/USD has extended its upward trend, but a completed 5-wave Elliott pattern suggests a potential price decline followed by an expected price rebound.
Note
The green silver coins are now given at a slight level of about 105.80 when measured by the USD (DXY) index (DXY)
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