Euro has been weak for a while especially in the face of the continued US Dollar strength that has been showing, even as more dollars are about to be put into circulation with stimulus checks coming out.
We saw a lot of balanced price action on the way down from 1.20. There are some tasty equal highs at the 1.19500 level that we could see price come back to if the US dollar starts to see some weakness over the next week. If not It's likely we could see a daily break of structure happen if we bust down below the 1.17 mark...
We saw a lot of balanced price action on the way down from 1.20. There are some tasty equal highs at the 1.19500 level that we could see price come back to if the US dollar starts to see some weakness over the next week. If not It's likely we could see a daily break of structure happen if we bust down below the 1.17 mark...