Euro / Dollar AS
Pembelian

EURUSD Recovery

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after wednesday's surge, EUR/ USD retreated and recorded large losses on Thursday. The pair came under pressure on Friday and traded at its lowest since early May, slightly below 1.0700. At the time of writing, the price is stable at 1.0702.
The overall outlook from the market remains bearish as the pair continues to trade in a tightening wedge pattern and both the EMA 34 and EMA 89 favor the sellers. But! I expect that in the short term, EURUSD will still receive good support with the aim of strengthening to the resistance level (1.0770-10775) and retesting the EMA 34.89 level before falling deeper according to the outlook.

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