RamziAbouAbdallah-CMT

EUR/USD bear trend resumption?

Short
FX_IDC:EURUSD   Euro / Dollaro
Fundamentally, not a lot of new updates recently since we didn't have any FED or ECB meeting this month.
Technically, we got a bearish inverted hammer on the weekly chart, and a big daily bear candle.
Support awaits near 1.0990 which is critical in this scenario.
Today's PMIs came in mixed. Although we had some better than expected figures, that didn't encourage buyers to step in and push prices higher.
In my opinion, next week we will see lower prices for the euro and maybe a retest of September lows near 1.09.
Good luck

Ramzi Abou Abdallah, CFTe, CMT

♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.