EURUSD is locked in monthly, weekly and daily downtrends.
Since it has not yet broken the daily correction trend line and is falling, the downward wave continues.
If it descends into the demand zone and rebounds strongly, the low could lead to a new weekly uptrend, which could be extended with a monthly correction structure.
However, EURUSD should move down once more until it finds a new floor near 1.10.
good luck.
Since it has not yet broken the daily correction trend line and is falling, the downward wave continues.
If it descends into the demand zone and rebounds strongly, the low could lead to a new weekly uptrend, which could be extended with a monthly correction structure.
However, EURUSD should move down once more until it finds a new floor near 1.10.
good luck.