MrCharlie1

EURUSD Market downtrend MOMENTUM

Short
FX:EURUSD   Euro / U.S. Dollar
It sounds like you're describing a downtrend in the EUR/USD currency pair, where the market started at 1.08164 and is now approaching a support level at 1.06600. In forex trading, a downtrend typically means that the currency pair is consistently making lower highs and lower lows over time.

If you're considering trading based on this trend, it's essential to consider other factors such as market sentiment, economic data releases, and geopolitical events that could influence currency movements. Support levels like 1.06600 can be significant as they represent areas where buyers may start to enter the market, potentially causing a temporary halt or reversal of the downtrend.

Always ensure you have a well-defined trading strategy and risk management plan in place before making any trading decisions.

Traders if you like this idea So must fallow my charts like and comments thanks

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