🇪🇺 EURUSD 🇺🇸 - A strong dollar is bad for the euro

12 בפבר׳ 2024

EURUSD may soon overcome the boundary in the form of support. Against the background of the downtrend, the price is forming a retest of support after a false breakout of resistance. This may be a strong signal for further price decline to 1.06655

Reasons for further decline:

1) False breakdown of resistance on the background of the downtrend
2) Strong dollar negatively affects the euro
3) Weak pullback. Price forms a retest of support