Euro / U.S. DollarShort
EURUSD Decline far from over.
The EURUSD pair is extending the decline inside the two month Channel Down and technically it isn't over yet.
The Lower Low leg range is between 2.70% - 2.90%. Starting from the September 12th Lower High, a decline of the -2.70% minimum will land the price directly on Support at 1.04850.
The 1D RSI is almost on the 30.00 oversold level, but we need to see a reversal inside the zone to call for a bottom after such a continuous bearish pattern (Channel Down).
Sell and target 1.04850 (Support A).
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The Lower Low leg range is between 2.70% - 2.90%. Starting from the September 12th Lower High, a decline of the -2.70% minimum will land the price directly on Support at 1.04850.
The 1D RSI is almost on the 30.00 oversold level, but we need to see a reversal inside the zone to call for a bottom after such a continuous bearish pattern (Channel Down).
Sell and target 1.04850 (Support A).
Follow us, like the idea and leave a comment below!!
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