Hello Traders,
Our previous analysis on EURUSD was unsuccessful and price broke to the downside.
Today we had very strong downwards momentum and started to slow down at the end of the European Session. Our RSI indicates short-term correction, however in the bigger picture, our sentiment is still bearish as price is below our MA.
Now we might break down even further and test our next support level.
I wish you lots of success in the New Year 2019
Our previous analysis on EURUSD was unsuccessful and price broke to the downside.
Today we had very strong downwards momentum and started to slow down at the end of the European Session. Our RSI indicates short-term correction, however in the bigger picture, our sentiment is still bearish as price is below our MA.
Now we might break down even further and test our next support level.
I wish you lots of success in the New Year 2019
