Overall the trend is undeniably down. I believe until it hits a lower support with a big rejection, we will continue to head down.
After it bounces off support, I'm predicting that it will then head up quite a big to the indicated reistance.
After it bounces off support, I'm predicting that it will then head up quite a big to the indicated reistance.
Comment:
EUR/USD has seen some turbulence as many currencies did this year, but we could still see a rebound to the descending trendline at 1.12000. It will be interesting to see what happens this year.