EUR/USD remains in a downtrend from 1.1879. The rise from 1.1574 is likely a consolidation of the downtrend. Further decline towards the resistance-turned-support trend line on the weekly chart is still possible after the consolidation.
EUR/USD remains in a downtrend from 1.1879. The rise from 1.1574 is likely a consolidation of the downtrend. Further decline towards the resistance-turned-support trend line on the weekly chart is still possible after the consolidation.
Resistance levels are at 1.1645 and 1.1685. As long as these levels hold, the downtrend will continue.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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