RareBean

EUR/USD Free fall

Long
FX:EURUSD   Euro / U.S. Dollar
EUR/USD has made fresh lows for the year on the 1st of August 2019 and recovered a good 220 pips, but it has lost its stride after 6 days and has fallen 170 pips since the 6th of August. Analyzing the weekly we can see it continue its free fall because the current weekly(12-18 August 2019) has bearishly engulfed the previous weekly (5-11 August 2019) with no hope in sight for the pair. I see a recovery up to 1.11500 before we continue the heavy fall to 1.10250 than if it continues down to 1.09200 which are April/May 2017 lows
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