Euro / U.S. Dollar
Short
Updated

EUR/USD: Ready for another Fall? (READ THE CAPTION)

1 227
By examining the EUR/USD chart on the 3-day timeframe, we can see that the price has moved exactly as expected since our last analysis. After reaching the supply zone between 1.083 and 1.093, the pair began a correction and is currently trading around 1.079. Keep in mind, only if the price stabilizes below the 1.080 level can we expect further downside from this pair.

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Trade active
By analyzing the EUR/USD chart on the 3-day timeframe, we can see that the pair is currently trading around 1.0817. If the price can hold below the 1.0885 level, we may expect another corrective move from EUR/USD.
This analysis will be updated accordingly!

snapshot
Trade closed: target reached
By examining the EUR/USD chart on the 3-day timeframe, we can see that the price is currently trading around 1.079, and the price, according to the scenario we had, is showing signs of a further correction! The potential targets for this drop are 1.074, 1.063, and 1.053, respectively!

snapshot

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