EUR/USD : Is a bearish wave about to occur?Hello everyone, it's great to see you again.
Today, I will dive into the long-term analysis of FX:EURUSD on the D1 chart. At the time of writing, the price is moving around 1.165 and has shown a slight decrease after the market recently failed to break through the significant resistance around the recent highs, forming a new trendline boundary.
Currently, the price is moving towards the active zone of the 89 EMA, around the 1.140 level, aiming to find new momentum. However, as long as the price remains below the aforementioned resistance zone, the trend remains bearish, and I expect the price to drop to lower targets as outlined in the analysis.
What do you think? Do you share the same view? Leave your thoughts in the comments!
