EURUSD

11 במרץ 2022

As you can see, each lower trend line was maintained 3 times until a strong downtrend occurred which pushed the EURUSD sharply to the lowest level. Given that prices are now closest (almost) to the trend line below March 2020 (Covid fall), the main question is in which part of the cycle are we? Higher down (3) or on the verge of breaking down? 1W