Hello dear friends, let's discuss EURUSD last week with Karina and discuss strategies for the new week's trend!
Last week EURUSD was stuck in a downtrend with the price currently closing below the 1,090 support level and currently trading around 1,089.
Accordingly, the price recovered slightly when making the correction, but will encounter resistance again at the 0.5 - 0.618 Fibonacci retracement level.
The downside prospect of this currency pair is still high as they are still in a long-term downtrend with the immediate target day being at 1,078.
And you, do you think next week will EURUSD be able to turn up again?