This week we have witness the pair battling against a multi-decade downtrend. The EURUSD
lost the first round, but it seems that the pair price, after taking a break around the neckline of the long-term triple bottom pattern formed in between 2015-2017, may try again. The USD Index appears to have gained momentum, and a surprising bullish
leg is likely to form within the next weeks. Therefore I don’t think EURUSD
is going to break that downtrend anytime soon.
Good luck fellow traders.