EUR/USD Technical Highlights:
- EUR/USD is ready for a new lower cycle
- A bounce may be found soon after the new low
- If there is no bounce then looking for the bottom of the channel 95. nearby
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View Q3 EUR Forecast
EUR/USD is ready for a new lower cycle, and on that we can see very low levels towards the lower parallel around the 95 level. However, we may see an earlier bounce if an ‘RST’ pattern bears fruit and a recent turn lower. This is likely to only temporarily intensify if it plays out, before the trend/resistance becomes a headwind again.
Watch the video above for the full set of details.
EUR/USD Daily Chart
EUR/USD chart by TradingView
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