EURUSD: Bearish Wave & Breakout

FX:EURUSD   Euro / U.S. Dollar

without any hesitation, EURUSD has easily broken below a strong daily horizontal support
and now bears are pushing the market lower.

analyzing weekly chart it looks like a bearish wave proceeds.
The next target for bears will be a support line of a falling channel that the market is following from 2018.

if you still hold a long trade, I believe that the best option for you is to embrace the loss and stop struggling!

good luck!
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Just shows you all the Guru's that were expecting higher prices due to COT report analysis have been proved wrong. Many thought the if the banks were closing shorts at higher prices that meant they would not nosedive it below 1.09 and even 1.08. Look now, if you were in shorts then it's pay day.
What is your view on EURUSD?
Sphe-sihle VasilyPonomarev
@VasilyPonomarev, i agree with your analysis...
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