In that updates that we see in the yesterday that was my lastest analysis and previously, we are in formation of Gartley Bearish pattern, now this indicate a possible drop of the price. And also, remember that we are into this bearish channel descendent that expectative is for longer to pick down 100 pips, we can to reconsider that in that case that EUR/USD don't reach in the lower part of the channel in that case of the $1.11 USD, But I reccomend if you want to reduce the pips until 70 pips, because we are in the highly possibility that EUR is prepared to break up the channel and contue the bull run rally until the $1.15 USD in mid-term,
Now, ther are a confluence of support zone and a higly possibility that the price doesn't break down the below level of $11.150 USD, that is an interesting point to take in noticed it.
Also, in Saturday I wil going to make a special technical analysis for Daily and Weekly how the EUR/USD is the conduct for long term and mid-term. Don't missing this special analysis.
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.