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As expected previously, the EurUsd pair has continued its down trend on Fryday. Currently its sitting on a previously broken trend line, which should provide some support for a while. From this level moving forwards there are only 2 significant options:
1. The market moves strongly to the upside and starts an new bullish trend or, the more likely scenario
2. The market breaks the current support level and moves further down to test at least the lower down trend channel line.
On a longer term vie…
1. The market moves strongly to the upside and starts an new bullish trend or, the more likely scenario
2. The market breaks the current support level and moves further down to test at least the lower down trend channel line.
On a longer term vie…