EURUSD > Possible Continuation to The Downside!!

5 сент. 2022 г.

Analysis of #EURUSD


The EURUSD today reached 20 year low, as you can see on the chart, we have broken below end line support, which might indicate more downside.

but here is how I look at it, and please read it twice:

1- the US market today is closed for labor day
2- we have an ECB Press conference this Thursday
3- we have FED chair Powell speak this Thursday

so for me, there is no momentum right now behind this break, and yes it might keep going down, but for me, I am staying out for now.



Please support me by boosting this idea so it can get to more and more traders


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