EURUSD — Is the Euro Ready for a Comeback?Hey — what do you think, will EURUSD rise or keep sliding lower?
Right now, the pair is hovering around 1.1566, still holding a medium-term downtrend as the U.S. Dollar gains strength after Bloomberg reported that the record U.S. government shutdown might finally be ending.
On the D1 chart, we can see a series of break-and-retest patterns. The 1.1400 level is acting as a key support area, where a little bounce could happen soon. But if that level breaks, we might see a deeper move down.
So tell me — do you think EURUSD will bounce from support, or is the dollar still too strong?
Personally, I’m staying cautiously optimistic once this correction cools off. What about you, traders? 💖
