If we use the Daily chart to look at the technicals regarding EURUSD we see that there is a clear Head and shoulders pattern that might explain the persistence of the EURUSD to drop.
Ofcourse fundamentals are in place too but the technicians and especially the professional ones are looking at the market from a broad view.
The next stop should be way down at 1.15 but it might take days or even weeks to see that coming.
Ofcourse fundamentals are in place too but the technicians and especially the professional ones are looking at the market from a broad view.
The next stop should be way down at 1.15 but it might take days or even weeks to see that coming.