Assessing the EURUSD trend: The bears are dominating!
Hello everyone, Brian here! What do you think about the future trend of EURUSD?
Looking at the 4-hour chart, EURUSD continues to be under pressure in a downtrend. This currency pair is under the control of the bears, with strong selling pressure since last evening.
EURUSD has broken through several key support levels, the most recent being the psychological level of 1.080. Based on technical factors, I still expect and assess that EURUSD will continue to adjust further to the projected area after a mild retracement as indicated by the analysis.
Looking at the 4-hour chart, EURUSD continues to be under pressure in a downtrend. This currency pair is under the control of the bears, with strong selling pressure since last evening.
EURUSD has broken through several key support levels, the most recent being the psychological level of 1.080. Based on technical factors, I still expect and assess that EURUSD will continue to adjust further to the projected area after a mild retracement as indicated by the analysis.
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