ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


The long-term outlook for the EUR/USD pair remains bearish.The recent bearish closure below 1.1250 (supply level 1) should be defended to maintain enough bearish pressure and enhance the bearish side in the market again. Initial bearish targets should be located at 1.1050 and 1.0990.On the other hand, a daily candlestick closure below 1.0990 allows a quick bearish decline towards 1.0825 (Key-Level-2) where price action should be considered again.


EUR_USD Euro _ US Dollar

EUR_USD Euro _ US Dollar1