EURUSD: Does the trend of reduction continue?

20 часов назадBased on the current chart and signals, EUR/USD is showing signs of weakening after touching the resistance area in the area of ​​1,11896. The chart shows that two EUR/USD has touched the red resistance and reversed, creating a sharp decrease signal. Currently, the trend is going down with support in the area 1,10815.

Factors that affect the trend:
-The decision of Fed's interest rate policy: If the Fed continues to maintain a tough policy or signal the ability to raise interest rates, the dollar will strengthen, putting pressure on EUR/USD.
-The signal from ECB: If the European Central Bank (ECB) does not offer a new stimulating measure or keeping the interest rate, the EUR can lose extra value.

Trend forecast:
Based on price action and technical analysis, EUR/USD is capable of continuing to adjust. The current main trend is to decrease, with a short -term goal towards the support area below 1,10200, then the accumulation of further accumulation before the move is clearer.

Transaction area to pay attention:
Resistance zone: 1,11896 and 1,11400 - 1,11500.
Support area: 1,10800 - 1,10200.
Conclusion: Today's trend is decreasing, with a reasonable input point in the resistance areas and profit -closing targets at the mentioned support area.