EURUSD: An Expected Drop To A New All-Time Low
Looking at EURUSD’s chart, we can see that it is in a downward trend, flirting with the parity of 1. It has been traded close to 1 in the past 3 days, therefore if it will not be able to hold above that level, we could expect a significant drop to a new all-time low, otherwise, it should technically upward react towards its first resistance level at around 1.01.
(Click on image to enlarge)
More By This Author:
USDJPY: Expected To Re-Test Its Resistance Level
Fastenal: Expected To Hold Its Price Over Its Support Level
EURUSD: Expected To Test Its Strongest Support Level
Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...
more