$EURUSD - NFP's could fuel the downtrend
Hi guys! 👋🏻
🔔 Euro is below the trendline of March 23, 2020 and tested this dynamic support as resistance and was forced downwards.
🔔 Currently Euro is testing the 1.18400 support line and if closes below, will continue the downfall. The current level is also Fibo 0.786 of the uptrend of March 31, 2021.
🔔 Positive US NFP data might support the downtrend continuation of the pair. Up until now, Euro looks bearish against the US Dollar.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Euro is below the trendline of March 23, 2020 and tested this dynamic support as resistance and was forced downwards.
🔔 Currently Euro is testing the 1.18400 support line and if closes below, will continue the downfall. The current level is also Fibo 0.786 of the uptrend of March 31, 2021.
🔔 Positive US NFP data might support the downtrend continuation of the pair. Up until now, Euro looks bearish against the US Dollar.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
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TP1
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