EUR/USD, step by step down to the new 11 years low!

eur-usd 06.03.

EUR/USD continue to fall on Friday and find a new 11 years low, 1.0963! There is no technical support at this level, not until 1.0760/60, previous support from August 2003. I wrote about this level in my previous EUR/USD analysis from March 04. There is not much to analyse here because I can’t see any atempt for recovery. The pair will fall to the next technical supports, until someone decide otherwise before. As I already wrote, this could happen soon, but until then, EUR/USD is technicly extremely bearish!

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