EUR/USD Technical Analysis
If the price break the Blue line it will go down to the blue targets. After The Major Downfall Back In 2015 The Pair Is Trading In A Consolidation With No Clear Direction.
Bollinger Bands in H4 and D1 graph are leading to bullish trend but Parabolic SAR is representing strong bearish trend of the market.
This pair is enhancing the bearish trend of the market. This enhances the downward trend and this continuation is expected even today from 1.0800 to 1.0700. So, it is a profitable zone.
When the European market opens, some Economic Data will be released, such as German Import Prices m/m. The US will release the Economic Data, too, such as Crude Oil Inventories, Pending Home Sales m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.
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