We are at a very bearish moment for eurusd on daily chart, Expecting new lows 1.0500 to be hit
As you can see the downtrend didnt break even after many times of small rallys to remove some sellers positions, this is due to USD being a safe heaven for moments like this, DXY will hit record highs of 105+ which is just now also starting a uptrend, Eur is also very weak, this is due to the mess of economy eur is at the moment, corona virus is not helping either. And at times like this investors prefer to invest in USD and JPY.
As you can see the downtrend didnt break even after many times of small rallys to remove some sellers positions, this is due to USD being a safe heaven for moments like this, DXY will hit record highs of 105+ which is just now also starting a uptrend, Eur is also very weak, this is due to the mess of economy eur is at the moment, corona virus is not helping either. And at times like this investors prefer to invest in USD and JPY.