EURUSD Analysis (ongoing thread)

fxstrategist

Corporal
Messages
736
The EURUSD keeps falling and it could reach the 1.0800 level. Out of the last 25 trading sessions, 20 have been in the red. In case of a correction, the 1.0900 level could act as resistance.
 

ForexViking

Private, 1st Class
Messages
55
EUR/USD - 19.02.2020 - Seems to be no signs of reversal today.



Still holding sells from Monday, well done to anyone trading this major downtrend.



"However, the currency pair registered its worst level in almost 3-years, and shared currency trader’s still adding bets for further losses in the day ahead."



Seems like the coronavirus is taking it's toll on the EUR and propping up the USD treasuries as a safe haven.

Was hopping to see a reversal this week but no chance likely so far.

What are your guys thoughts on this? Think we might see a reversal come into being? :)
AEA229D3-8547-4296-9412-3336F89554CD.jpeg
 

fxstrategist

Corporal
Messages
736
The EURUSD falls below the 1.0800 level, but it could find a support around this zone. The bearish trend is still in place and its next support could be the 1.0700 level, but there is a chance of seeing a retracement, maybe towards the 1.0900 level.
 
Top