After breaking a strong supply zone last week. EURUSD is now in downtrend. This week we might see small Retesting and continue its downtrend. With risk off situation with USD , this setup has Maximum chances in next few days and it can touch Price level 0.95
yeah would be great to get the bounce to short into, oversold near parity though
zAngus
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Excellent overview, do you think EURUSD will go below 1.00?
Meron_Trades
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@JoeChampion, I do think there will be some resistance from long term buyers (for which I will have my TP 1) but in the end the probability lies to continue downward. This is supported by fundamental analysis as well. With EUR stumbling because of the looming gas crisis with winter season fast approaching and USD in a risk off mode esp tech companies' stocks seeing surge in prices.