EUR/USD is down again, but that's not news any more!

eur-usd 05.11.

Few hours before European PMI data EUR/USD start to fall and after data just confirm one more bearish day. For now, supported at previous bulls level from November 03. at 1.2470/80 manage to recover few just few pips up. Stronger, if we can call that on this pair, support lies at two year low 1.2440/50. Could this triangle be the ‘leader of movement’, or the pair will try to find new low today? Euro recovery is limited as I see, but… How do you see the next movement here?

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3 comments

  • ADP numbers was the reason for this jump, but great technical levels again on your analysis. 🙂

    Liked by 1 person

  • Da, sada vidim na koju trendliniju i otpor si mislio. zaista je bila prilika za short na 1.2570.

    Like

    • Yap!

      Like

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