EURUSD primary downtrend

Euro Fx/U.S. DollarFXCM

Description

⋅ Aug 16, 2023 3:50 PM

EURUSD primary downtrend since 2008.

Zone around 1.128 is POC for period since October 2014 - in order to reverse downtrend EURUSD has to find acceptance above that level. Even an attempt to do that will take a year at least on that timeframe.

Week timeframe for close look