The pricing is caught in a slow negative channel. 1.18 - 1.14 currently. The drop has been painful for trend traders who can't get a lock on this activity. There is a long-term price projection in the channel of 2017 lows (near 1.0480)
We have been in a bear situation with the EUR/USD since May 2018. This isn't going away just yet.
A monthly close below 1.11763 can signal an acceleration to this decline.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.