Euro / U.S. DollarShort
EURUSD has no strength to reverse
Yesterday we commented on possible EURUSD reversal.
The possible entries were upon breakout of 1,0700 or after a correction.
Non of them were confirmed and a decline followed, showing us that EURUSD does not have the strength to reverse the trend now.
In this case it’s more likely to see breakout of the bottom at 1,053.
The next supply level is 1,0440.
The possible entries were upon breakout of 1,0700 or after a correction.
Non of them were confirmed and a decline followed, showing us that EURUSD does not have the strength to reverse the trend now.
In this case it’s more likely to see breakout of the bottom at 1,053.
The next supply level is 1,0440.
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