EURUSD Possible further Drop after a small up correction

7 Eki 2024

The market broke through the 1.1000 round number following the negative NFP data for EURUSD, pushing the price below the September low. There's a strong possibility it could retest the next round number at 1.0900. The weekly candle reflects growing bearish momentum, and zooming out reveals that this level has historically acted as a key support multiple times. If the price is rejected at this resistance zone again, it could signal further bearish movement. The overall outlook remains bearish as long as the price stays below 1.1000. The target is the support level at 1.09050

16 Eki 2024

İşlem kapandı: hedefe ulaştı

EURUSD Target reached!

The price dropped around 90 pips since the analysis was published