The euro is weak against the US dollar since yesterday afternoon. On October 11, we had Lower High, which confirms that the dollar is slowly returning to the game.
We also have a break in the trend line which confirms our assumptions, and we can expect a shorter pulback up to the break line so the continuation falls to real support around 1.167500.
Today we have a speech by President Lagarde. she will speak at the global roundtable of the UN Environment Program Initiative on financing a sustainable future. In general, it should not have any major impact on the EUR / USD currency pair
Our next task is to track whether this pair will make a new Higher low or Lover low and to trade within this falling channel.
Give me your opinion on this chart, long or short
We also have a break in the trend line which confirms our assumptions, and we can expect a shorter pulback up to the break line so the continuation falls to real support around 1.167500.
Today we have a speech by President Lagarde. she will speak at the global roundtable of the UN Environment Program Initiative on financing a sustainable future. In general, it should not have any major impact on the EUR / USD currency pair
Our next task is to track whether this pair will make a new Higher low or Lover low and to trade within this falling channel.
Give me your opinion on this chart, long or short