EUR/USD Technical Analysis

EURUSD Daily Technical Analysis

Looking at the chart above it is obvious that dollar becoming stronger and stronger. Trend is so clear, the question is where is the end of the bearish trend. In my opinion this pair is going to dive more. If you are bullish you need to wait break of this trend-line to search for correction.

If we take a look Weekly chart, situation is the same.

EURUSD Weekly
EURUSD Weekly

In fact right now price reach support 1 on Monthly chart below.

EURUSDMonthly

The price will probably find decent support right now, so correction is pretty close.

Leave a Comment

Your email address will not be published. Required fields are marked *


Don’t settle for average. Bring your best to the moment. Then, whether it fails or succeeds, at least you know you gave all you had.

Angela Bassett