EURUSD - BEARISH TREND CONTINUES📉
On Tuesday, despite the bullish divergence (highlighted as green on RSI), the price broke through the trendline, formed since the beginning of May. Yesterday this trendline got retested on Bloomberg's rumor that Powell may resign. Currently the price is going through the support level of 1.16000.
I see the major way is to go towards 1.15000 support level with a further rebound and possible target of 1.16000. Another option is to go straight towards 1.14000. Will see.
On Tuesday, despite the bullish divergence (highlighted as green on RSI), the price broke through the trendline, formed since the beginning of May. Yesterday this trendline got retested on Bloomberg's rumor that Powell may resign. Currently the price is going through the support level of 1.16000.
I see the major way is to go towards 1.15000 support level with a further rebound and possible target of 1.16000. Another option is to go straight towards 1.14000. Will see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.