TradePeriod
Short

EURUSD Long Term Forecasting

FX:EURUSD   Euro Fx/U.S. Dollar
46 0 1
Alright traders - we are going to take you back to the KISS method... Keep it Simple Stupid.

Post NFP data, we saw a nice increase in the greenback, causing the EURUSD             pair to drop. Coincidentally, the new bar formed lines up with the major April Support.

We are going to keep this chart real simple - any breaks below 1.0850 are suggestive of further decline towards 1.0809. Any significant closes below 1.0809 will continue to push it further down.

I have labeled some basic support levels in the Yellow Dashed Lines; areas we would want to be cautious of.

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