EurUsd- New low's looming
Last week, EurUsd clearly dropped under parity and reached a low at 0.99.
After this low, we have 3 attempts to reconquer this important figure and all failed badly with Friday's spike leaving a very long-tailed pin bar on our chart.
Both technicals and fundamentals are aligned for a stronger USD and in EurUsd's case I expect a continuation to the downside and a drop to 0.97
I'm strongly bearish as long as 1.01 is intact and selling rallies can be a good strategy
My Previous EurUsd analysis
After this low, we have 3 attempts to reconquer this important figure and all failed badly with Friday's spike leaving a very long-tailed pin bar on our chart.
Both technicals and fundamentals are aligned for a stronger USD and in EurUsd's case I expect a continuation to the downside and a drop to 0.97
I'm strongly bearish as long as 1.01 is intact and selling rallies can be a good strategy
My Previous EurUsd analysis
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