EUR/USD continues to decline

2 min read
Traderassist

Yaroslav Mudryi

Forex broker

Hi traders,

The EUR / USD currency pair continues to decline and at the same time approaches the point at which large-scale growth began in 2017 (from the level of 1.0855)

Today I see 2 trading options:

  1. The price will reach the level of 1.0855. If this happens, it will be possible to shop around when confirming the reversal. The target is 1.0950. BUT, if there is no confirmation, then the price may fall even lower to the level of 1.0745.
  2. The price will go up immediately. In this case, you need to wait for a breakdown and price fixing above the level of 1.0950, after which you can think about a deal on Buy. Target, zone 1.1026-1.1015.

Good trading,
Yaroslav Mudryi.

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