The EurUsd has been in a downtrend since April 2018 and 1.1620 is the key support, which also means we are trading against the trend.
A series of lower highs can be spotted on the EurUsd Daily timeframe and it closed the trading week right at the trendline resistance.
If price break above the trendline resistance, we may expect the Euro moving higher against the Dollar, else we may see it continue to fall or trading sideways.
Stay tuned.
A series of lower highs can be spotted on the EurUsd Daily timeframe and it closed the trading week right at the trendline resistance.
If price break above the trendline resistance, we may expect the Euro moving higher against the Dollar, else we may see it continue to fall or trading sideways.
Stay tuned.