Short

EURUSD stable fall.

EURUSD stable fall. The previous analyses followed the EURUSD movement exactly. As we still do not expect the external conditions that have caused the euro to weaken to change, we see no reason for a more sustained trend reversal. In previous analyses, I marked the 1.14492 level as the target price for short positions. It has now been reached. The current chart shows that a strong ATR axis of many months can be defined as a support level. Therefore, a weak correction from this level is expected, but the chances of its formation are now less. There may be a higher chance that the EURUSD movement could break the ATR axis marked by the purple line with momentum and a larger fall could follow. In this scenario, the next target price could again be the support of an ATR axis at 1.1200

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