As illustrated in the chart, there are repeated downtrends and retracements in EURUSD.
Plus the negative fundamental side affecting, this currency pair has the chance to go down test 1.077, which is also the gap down there waiting to be filled.
My point is, EURUSD is going to test 1.077, and 1.107 will be the key resistance of the long term downtrend.
Suggestion: watch and long at 1.077, TP: 1.107, SL: 1.102
The blue lines are equal length and slope, so are those purple lines.
Plus the negative fundamental side affecting, this currency pair has the chance to go down test 1.077, which is also the gap down there waiting to be filled.
My point is, EURUSD is going to test 1.077, and 1.107 will be the key resistance of the long term downtrend.
Suggestion: watch and long at 1.077, TP: 1.107, SL: 1.102
The blue lines are equal length and slope, so are those purple lines.