The dynamics of EURUSD now is influenced by the short-term strength of the US dollar, and probably that puts EURUSD in the context of a declining trend. The price moves in the shape of a declining wedge, and for the moment of writing this report, is positioned at the lower side of this formation, which might lead to a retest of the upper trendline with a possible further decline.
The dynamics of EURUSD now is influenced by the short-term strength of the US dollar, and probably that puts EURUSD in the context of a declining trend. The price moves in the shape of a declining wedge, and for the moment of writing this report, is positioned at the lower side of this formation, which might lead to a retest of the upper trendline with a possible further decline.