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We will continue to be bearish on the EUR/USD as long as price stay below 1.08698.  


Globalfinancial
(@globalfinancial)
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Joined: 2 years ago
Posts: 100
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We will continue to be bearish on the EUR/USD as long as price stay below 1.08698. 

Our first warning signal will be at 1.0855. However in the bigger picture we could see decline to the 2014-2016 Support Zone at 1.0396

Growth in much of the eurozone economy has been sluggish in recent years. However we now have the coronavirus which could be dangerous to the eurozone.

On Tuesday, we will monitor German ZEW Economic Sentiment, which is expected to rise by 0.9 points.

eurusd1

 

This topic was modified 12 months ago 2 times by Globalfinancial

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