EURUSD: Technical Analysis & Very Bearish Outlook 🇪🇺🇺🇸
Updated
Hey traders,
EURUSD is trading within a wide horizontal trading range on a daily.
1.166 is its support
1/191 is its resistance
Reaching the upper boundary of the range, the market started to fall sharply.
I will expect a further decline to the lower boundary of the range.
Being quite oversold, the price may pull back before the goal will be reached.
Good luck!
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