We are still strongly bearish on EURUSD

24 בנוב׳ 2024

We remain strongly bearish on EUR/USD, and the pair is expected to continue its downward movement next week. USD news is likely to come in relatively strong, adding further pressure to EUR/USD. Additionally, global uncertainty continues to weaken EUR/USD even more. Last week, I posted that EUR/USD would drop while many were calling for an upward move. I see the same scenario playing out this week. Stop trying to catch a reversal—stick to the trend and follow the fundamental news.