Looking at the EUR/USD pair, we can observe an overall downtrend in the price. Currently, the price has broken downwards after a minor price consolidation. I anticipate the continuation of this trend and believe that the price will reach 1.08025.
Comment:
If you have decided to go ahead with this trade, I kindly ask you to pay close attention to today's Unemployment Claims announcement, which is scheduled for 2:30 PM in my time zone (GMT+02:00). Please consider setting the break-even point earlier or keep a close watch on the chart to see what unfolds. Based on that, you can make a decision whether to stay in the trade or exit. We might experience significant volatility, most likely.
Trade closed: target reached