Hey, traders. Good afternoon here.
Today, we are going to check EUR/USD chart. Let's check quickly.
We can see
1. long-term descending channel
2. resistance on 0.99000
3. resistance on 1.01000
4. support on 0.96500
5. support on 0.93500
We should check
Friday - EU Leaders Summit, US Nonfarm Payrolls (Sep), US Unemployment Rate (Sep)
We can expect
1. the price drops to 0.93500 directly.
2. the price goes up for short by support on 0.96500 and drops to 0.93500 by resistance on 0.99000.
Dollar is still bullish because of Fed's monetary policy.
Otherwise, Euro will keep falling with the desending channel till next year.
We will have chance for short position soon. Let's see how the price moves.
Thank you for reading and hope this was helpful.
Analyzed by Han.
Today, we are going to check EUR/USD chart. Let's check quickly.
We can see
1. long-term descending channel
2. resistance on 0.99000
3. resistance on 1.01000
4. support on 0.96500
5. support on 0.93500
We should check
Friday - EU Leaders Summit, US Nonfarm Payrolls (Sep), US Unemployment Rate (Sep)
We can expect
1. the price drops to 0.93500 directly.
2. the price goes up for short by support on 0.96500 and drops to 0.93500 by resistance on 0.99000.
Dollar is still bullish because of Fed's monetary policy.
Otherwise, Euro will keep falling with the desending channel till next year.
We will have chance for short position soon. Let's see how the price moves.
Thank you for reading and hope this was helpful.
Analyzed by Han.
