Euro / US-Dollar
Short

EURUSD: Continuously searching for new bottoms!

169
Dear Investors,

Today, let's dive into the EURUSD pair analysis with Conan!

In recent days, EURUSD has not had many big fluctuations, but still maintains the trend of finding new bottoms through red candles. Technically, the double top pattern has been confirmed and the price has broken the 1.1100 level, opening the possibility of a deeper decline. However, to break the strong support at 1.1000, the sellers need confirmation from the new resistance zone at 1.1085 - a level that matches the 0.618 Fibonacci level in our forecast. Potential profit-taking levels that investors can consider are 1.1000 and 1.0900 respectively.

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