EUR/USD Stays Bearish Below $1.06 with Eye on October Low
From a technical perspective, the EUR/USD outlook remains bearish below $1.06, with the next target at the October 2024 low of 1.045.
Please note that the downtrend strategy should be invalidated if EUR/USD bulls pull the prices above $1.06. If this scenario unfolds, a new consolidation phase could start, targeting the June 21 low of 1.066.
Article: fxnews.me/eurusd-downtrend-continues-on-ecb-warnings/
Please note that the downtrend strategy should be invalidated if EUR/USD bulls pull the prices above $1.06. If this scenario unfolds, a new consolidation phase could start, targeting the June 21 low of 1.066.
Article: fxnews.me/eurusd-downtrend-continues-on-ecb-warnings/
Note
The EUR/USD currency pair resumed its downtrend amid escalating tension between Ukraine and Russia and increasing concerns in the Eurozone. The outlook of the trend remains bearish below $1.06, with the next target at $1.045.
Article: fxnews.me/eurusd-plummets-amid-ukraine-russia-tensions-and-eurozone-woes/
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