As you can see the price close below key (turning points) and the market will need to find further structure for more upside but the price is still not bullish as we still need to close above the trend line noted. Therefore there is “limited upside” to the euro, price can fall to the1.065 level. I believe the market is very volatile right now and all we’re seeing is just pure volatility and the real trend is still bearish right now before another anticipated rally to the level but I’d say we’re to early for the uptrend as of this moment
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.