RLinda ! EURUSD -> Review for the new week

28 Ağu 2022

EURUSD is trading in a global downtrend, currently the price is in the critical zone for the last 20 years. After a false breakdown and a test of 0.99000, the price forms a local rise.

I have drawn a local support trend line on the chart, which shows how price is behaving. We have a local uptrend, but it is under a strong support level of 1,000, it is hard to speculate what will happen next.

I assume that there are high chances that the falling trend will continue, but what the price shows now, can be a precondition for further growth.

Regards R.Linda!