Target 160 - PIP for next week!
Updated
Dear friends, as I predicted, EUR is currently in a recovery phase with some adjustments. However, surpassing the psychological level of 1.063 still remains a challenge for this currency pair in general.
At the time of writing, the EUR market has temporarily halted trading at 1.055 and there are no signs of a reversal for this currency pair. It seems that the inability to break the upward trend has led to this pair accepting lower figures, with the downward trend continuing towards two support levels at 1.048 and 1.044.
My perspective remains a downward trend for the upcoming week. With the formation of a declining DOW, once the support level of 1.044 is breached, EUR will plummet further. What is your viewpoint?
At the time of writing, the EUR market has temporarily halted trading at 1.055 and there are no signs of a reversal for this currency pair. It seems that the inability to break the upward trend has led to this pair accepting lower figures, with the downward trend continuing towards two support levels at 1.048 and 1.044.
My perspective remains a downward trend for the upcoming week. With the formation of a declining DOW, once the support level of 1.044 is breached, EUR will plummet further. What is your viewpoint?
Note
October 1 we will have two important news from Fed and one from JoltTrade active
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