EURUSD went through a daily correction process.
There was an impulse that broke the correction trend line last 4 hours of the downward wave, but it did not lead to an upward wave in the daily supply zone and a retracement occurred. And, importantly, we'll test the floor again, as it has come down below the psychological resistance of 1.0. Since 1.0 is perceived as a very strong resistance line, an upward wave should continue as it settles above the daily supply zone to turn upward.
In conclusion, the daily downtrend is expected to continue for the time being.
There was an impulse that broke the correction trend line last 4 hours of the downward wave, but it did not lead to an upward wave in the daily supply zone and a retracement occurred. And, importantly, we'll test the floor again, as it has come down below the psychological resistance of 1.0. Since 1.0 is perceived as a very strong resistance line, an upward wave should continue as it settles above the daily supply zone to turn upward.
In conclusion, the daily downtrend is expected to continue for the time being.