EURUSD Short Idea
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Hello
I think that this downward trend continues and can continue to fall at least until the price of 1.07810. In this week, there is a potential for the price to drop further up to 1.069.
If you look at the chart in the 1-hour time frame, the falling wave that started on March 21 lasted 37 candles, and in the 37 hours after that, almost 38.2% of the wave has been corrected. This means that the downward trend is still strong.
I think that this downward trend continues and can continue to fall at least until the price of 1.07810. In this week, there is a potential for the price to drop further up to 1.069.
If you look at the chart in the 1-hour time frame, the falling wave that started on March 21 lasted 37 candles, and in the 37 hours after that, almost 38.2% of the wave has been corrected. This means that the downward trend is still strong.
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The price reached the first target. I still believe that the downtrend continues, but it may not reach 1.069 this week and it will happen next week. Let's wait and watch the chart.
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