🇪🇺 EURUSD 🇺🇸 - A strong dollar is bad for the euro

12 thg 2

EURUSD may soon overcome the boundary in the form of support. Against the background of the downtrend, the price is forming a retest of support after a false breakout of resistance. This may be a strong signal for further price decline to 1.06655

Reasons for further decline:

1) False breakdown of resistance on the background of the downtrend
2) Strong dollar negatively affects the euro
3) Weak pullback. Price forms a retest of support