EUR/USD is lower this morning and I found a break of the multi-day channel, which is a good sign for further downside.
Trade Recommendation: With the break of the
channel below and the strong decline this year, I see potential for further decline. The MACD oscillator shows a recent downward trend, which is a good sign for further downside.
The key resistance is set at 1.0050
Relevance until 09:00 2022-09-22 UTC 2 The company does not provide investment advice and the results of the analysis are not guaranteed. The market analysis published here is intended to raise your awareness, but not to provide trading instructions.