EURUSD has rallied recently with DXY sharp fall due to multiple consecutive negative news for the dollar, mainly being CPI. Having said that yesterday and today the dollar began to regain some momentum.
Our view remains bearish for the pair As long as EURUSD:
1) Keeps trading below the donwtrend.
2) Keeps closing below Fibo retracement levels.
Love, Lacasafxfamily
Our view remains bearish for the pair As long as EURUSD:
1) Keeps trading below the donwtrend.
2) Keeps closing below Fibo retracement levels.
Love, Lacasafxfamily
Trade active
Despite price breaking downtrend, the trade is still active as long as candle bar 'Keeps closing below Fibo retracement levels' as mentioned in the analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.