EUR/USD: Support Crucial for Potential Bullish Momentum
Updated
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The potential for a continued decline in EUR/USD exists if it fails to maintain a position above the daily pivot point (1D PP). In such a scenario, there is a likelihood of testing both monthly and yearly support levels, unless the daily pivot point effectively acts as a support. Upon the establishment of a robust support structure, it is anticipated that bullish growth will follow.
TradeWithTheTrend3344
The potential for a continued decline in EUR/USD exists if it fails to maintain a position above the daily pivot point (1D PP). In such a scenario, there is a likelihood of testing both monthly and yearly support levels, unless the daily pivot point effectively acts as a support. Upon the establishment of a robust support structure, it is anticipated that bullish growth will follow.
TradeWithTheTrend3344
Note
This analysis remains relevant for the current week.
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