Sforex

EURUSD: Long term bearish trendline : Does E/U break it ?

FX:EURUSD   Euro Fx/U.S. Dollar
377 0 3
Tonight, risk event is EZ GDP data where provides a strong catalyst for Eur.

Look at on the chart, E/U test long term bearish trendline. Any break will open the door for further rally.

If E/U reject this trendline, Bear will come back.

I think the break is likely. Recent months, EZ economy performed very well with the soar of inflation.

However, I really don't sure about EZ GDP. Everything could happen.

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