azizelliott

$EURUSD - NFP's could fuel the downtrend

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azizelliott Diupdate   
FX:EURUSD   Euro / Dollar AS
Hi guys! πŸ‘‹πŸ»

πŸ”” Euro is below the trendline of March 23, 2020 and tested this dynamic support as resistance and was forced downwards.

πŸ”” Currently Euro is testing the 1.18400 support line and if closes below, will continue the downfall. The current level is also Fibo 0.786 of the uptrend of March 31, 2021.

πŸ”” Positive US NFP data might support the downtrend continuation of the pair. Up until now, Euro looks bearish against the US Dollar.

✊🏻 Good luck with your trades! ✊🏻
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