The very sharp decline of the EURUSD pair seems to be never-ending, but looking at the weekly, we should be facing very solid support the the low 0.96's, which is a confluence of?
- Resistance turned support from 2001-2002 levels (yes, we have to go that far back to find price references)
- Descending trendline formed from 2005 and 2015 lows.
I don't expect a massive blowout to the upside, but more of a sideways grind with a lot of uncertainty.
- Resistance turned support from 2001-2002 levels (yes, we have to go that far back to find price references)
- Descending trendline formed from 2005 and 2015 lows.
I don't expect a massive blowout to the upside, but more of a sideways grind with a lot of uncertainty.
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