The Euro has lost the fight in the peak of the triangle and broke out to the bottom (as expected).
The first support on its way down has been the last top at 1.20$. The next (weak) support is the top from nov 2017 at 1.19$.
Then we see at 1.15$ a support coming from the fib retracement 78.6% (fib to bottom) and shortly after this a very strong support at 1.14$ - coming from a fib retracement 38.2% (fib to top).
On this level EURO should recover.
Indicators are confirming the actual downtrend.
The first support on its way down has been the last top at 1.20$. The next (weak) support is the top from nov 2017 at 1.19$.
Then we see at 1.15$ a support coming from the fib retracement 78.6% (fib to bottom) and shortly after this a very strong support at 1.14$ - coming from a fib retracement 38.2% (fib to top).
On this level EURO should recover.
Indicators are confirming the actual downtrend.
Comment:
Comment:
falling and falling!
support at 1.14$ to Euro
RSI oversold MACD in bearish zone; perhaps a little consolidation - not more
support at 1.14$ to Euro
RSI oversold MACD in bearish zone; perhaps a little consolidation - not more
Comment:
Comment:
EURO has reached the support zone!
Should recover from this level - perhaps up to 1.20$ again. And then the next decline could start.
Fundamentally Euro to Dollar is weak - no facts talking pro Euro. Crisis in Italy, zero interest rates, problems in Greece, ....
In comparison there are more facts pro Dollar than pro Euro.
In the long run both will lose.
Should recover from this level - perhaps up to 1.20$ again. And then the next decline could start.
Fundamentally Euro to Dollar is weak - no facts talking pro Euro. Crisis in Italy, zero interest rates, problems in Greece, ....
In comparison there are more facts pro Dollar than pro Euro.
In the long run both will lose.