💱EURUSD - Downtrend pressure
EURUSD is preparing for further decline. After the resistance retest, the price declines again and performs a pre-breakdown retest of the support at 1.0707
TA on the high timeframe:
1) Strong downtrend
2) The liquidity area on the support side will not withstand another retest. Buyers are weak
3) Medium-term target is 1.06350
TA on low timeframe:
1) A resistance retest will force the price to bounce downwards
2) The market is still unable to break the trend resistance and make a new high.
3) A break of 1.0707 support is expected in the long term with a further decline to 1.0635.
Key support📉: 1.0707
Key resistance📈: 1.0759
TA on the high timeframe:
1) Strong downtrend
2) The liquidity area on the support side will not withstand another retest. Buyers are weak
3) Medium-term target is 1.06350
TA on low timeframe:
1) A resistance retest will force the price to bounce downwards
2) The market is still unable to break the trend resistance and make a new high.
3) A break of 1.0707 support is expected in the long term with a further decline to 1.0635.
Key support📉: 1.0707
Key resistance📈: 1.0759
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