EUR/USD, bears want 1.00!
EUR/USD closed the 8th month in a row in red! If we take a look at monthly graph, 1.00 could be target for the bears, but it want be easy to catch. 1.00 is for sure the strongest monthly support, the previous strong resistance from 2002., but there is several strong supports before as well. What could be the reason that the pair countinue to fall to this level? FED’s rate hike! Based on the US important economic datas, that moment is not far away, but time has not been specified. The word ‘patience’ is still the main role in the FED’s statements. The year has just began and it would be interesting at the main currency pair, that’s for sure. This is long term chart and possible development, don’t hurry in your short positions on Monday! 🙂 Keep following my analysis!