Looks like it'll keep going down for at least this week
Non TA
Eurozone has seen a moderate growth, but not nearly as large as the US. ECB probably will keep it's inflation rate until late 2019, while Fed plans to raise it around June
US Core Personal Consumption Expenditure is about to be released, and it's expected to be bullish
Overall, the dollar is backed up by strong data, and it'll be reflected even more in EURUSD once Fed Monetary Policy Statement and payrolls go out
TA
.382 Long Term Fib Channel
.236 Mid Term Fib Channel
Bearish divergence
RSI Oversold - downtrend
Weekly pivot
Trendline
The only problem I see with my analysis is that it might not even reach 1.215. Or that Core Personal Consumption Expenditure might end up being lower than expected
Entry, SL and PT on chart
Non TA
Eurozone has seen a moderate growth, but not nearly as large as the US. ECB probably will keep it's inflation rate until late 2019, while Fed plans to raise it around June
US Core Personal Consumption Expenditure is about to be released, and it's expected to be bullish
Overall, the dollar is backed up by strong data, and it'll be reflected even more in EURUSD once Fed Monetary Policy Statement and payrolls go out
TA
.382 Long Term Fib Channel
.236 Mid Term Fib Channel
Bearish divergence
RSI Oversold - downtrend
Weekly pivot
Trendline
The only problem I see with my analysis is that it might not even reach 1.215. Or that Core Personal Consumption Expenditure might end up being lower than expected
Entry, SL and PT on chart
Trade closed manually:
Missed entry but US data ended up disappointing. Take partial profits / move SL to break even if you entered. Look again to enter on Wednesday
Trade closed: target reached