Outlook on EURUSD: Bearish play seen

25 thg 8, 2021

EURUSD could see a further downside as we are seeing a pullback and re-test of its ascending trend line. Prices are also facing bearish pressure from its resistance zone, in line with the graphical high and 78.6% fibonacci retracement. A pullback to test this area presents an opportunity to play the drop to the next support target at 1.1730 support zone.