Euro Could Lose Major Support Level Against USD
Updated
Euro has been very weak against all currency pairs, with increasing stimulus on the way for the Eurozone I do not expect this to change. I am very much in favour of a USD short bias recently but EURUSD looks poised for a breakdown of major support levels. This combined with the fundamentals will be enough to send EURUSD lower.
Started to look short around when it breaks the major support level which are between 1.09200 and 1.09000. Short into the highs.
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Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Started to look short around when it breaks the major support level which are between 1.09200 and 1.09000. Short into the highs.
For more full analysis, trading ideas and tips feel free to subscribe to my newsletter.
Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Trade closed: target reached
Target was 1.08000 which was hit. Seeing increased technical indications to start shorting USD.
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