EUR/USD Stong Decline Could Be Activated!

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EUR/USD Stong Decline Could Be Activated!

EUR/USD Stong Decline Could Be Activated!

EUR/USD Stong Decline Could Be Activated!

EUR/USD dropped below the uptrend line signaling a potential downside movement, reversal. It’s trading at 1.2014 above 1.2003 static support, former lows.

Dropping and stabilizing below 1.2000 psychological level could really signal that the pair could register a deeper drop.

Trading Conclusion!

Its failure to stabilize above 1.21 and a potential drop below 1.2000 could indicate a further decline towards the 1.19 psychological level.

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.fx.co/forex_analysis/quickview/219871/