EURUSD; FURTHER DOWNSIDE EXPECTED
EURUSD has broken the October 2023 low of 1.045. On the monthly chart, price is seeking to correct imbalance by pushing lower towards 1.01 price handle.
On the daily chart, we have a new low indicating bearish market structure. This bearish trend could set the tone for Q1, 2025.
Fed Minutes of December, 2024 further reinforce our expectations of a bearish EURUSD. As we await the first NFP in 2025, we are likely to see further weakening.
On the daily chart, we have a new low indicating bearish market structure. This bearish trend could set the tone for Q1, 2025.
Fed Minutes of December, 2024 further reinforce our expectations of a bearish EURUSD. As we await the first NFP in 2025, we are likely to see further weakening.
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