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.


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


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

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When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.

Henry Ford