🇪🇺 EURUSD 🇺🇸 - Trend and structure change
EURUSD may continue its decline amid economic instability. The dollar index is strengthening on market manipulation by the Fed. The regulator is not going to reduce the interest rate early.
The euro is declining against this background, showing some weakness.
Reasons for the decline:
1) Market structure is changing
2) The previously broken trend plays into the hands of bears
3) price does not update local maximums
4) The market is under pressure from above, on the background of growing dollar.
5) Retests of local lows
The euro is declining against this background, showing some weakness.
Reasons for the decline:
1) Market structure is changing
2) The previously broken trend plays into the hands of bears
3) price does not update local maximums
4) The market is under pressure from above, on the background of growing dollar.
5) Retests of local lows
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