EURUSD is under a bearish trend...
Recently, the epidemic situation in many countries in the European region has arisen again, and many countries have lockdown their countries such as Belgium, the Netherlands, and then Germany; France, etc are also considering lockdown the city again, this might lead to further suppress the European economy. Therefore, if the epidemic returns, this may be a short-term impact on the EUR.
There are three waves of downside resistance that have formed since it started falling at 1.22 in April, and it also broke the MA100 & 200 after May this year. It is expected that the euro against the dollar will begin another downtrend after breaking the key support level at 1.14.
Recently, the epidemic situation in many countries in the European region has arisen again, and many countries have lockdown their countries such as Belgium, the Netherlands, and then Germany; France, etc are also considering lockdown the city again, this might lead to further suppress the European economy. Therefore, if the epidemic returns, this may be a short-term impact on the EUR.
There are three waves of downside resistance that have formed since it started falling at 1.22 in April, and it also broke the MA100 & 200 after May this year. It is expected that the euro against the dollar will begin another downtrend after breaking the key support level at 1.14.