TheTradersAvenue

EURUSD > Possible Continuation to The Downside!!

OANDA:EURUSD   Euro / US-Dollar
Analysis of #EURUSD


The EURUSD today reached 20 year low, as you can see on the chart, we have broken below end line support, which might indicate more downside.

but here is how I look at it, and please read it twice:

1- the US market today is closed for labor day
2- we have an ECB Press conference this Thursday
3- we have FED chair Powell speak this Thursday

so for me, there is no momentum right now behind this break, and yes it might keep going down, but for me, I am staying out for now.



Please support me by boosting this idea so it can get to more and more traders


________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.


Thanks for your continued support!

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.