EURUSD: The downtrend still dominates!
Hi Everyone
In the short term, EUR/USD is hovering around the 1.068 level and appears to be in a sideways consolidation phase. However, there’s a strong indication that the "Cup and Handle" pattern is forming, which suggests a potential for further downside movement. Given this setup, the bias remains towards selling opportunities.
Happy trading! Feel free to share your thoughts in the comments below!
In the short term, EUR/USD is hovering around the 1.068 level and appears to be in a sideways consolidation phase. However, there’s a strong indication that the "Cup and Handle" pattern is forming, which suggests a potential for further downside movement. Given this setup, the bias remains towards selling opportunities.
Happy trading! Feel free to share your thoughts in the comments below!
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