Pain or Gain for the Euro?

٧ أغسطس ٢٠١٨Will the Trade War erode the EURUSD, or is a possible breakout coming? Technically the Monthly chart channel points to a continuation of the downtrend with the price sitting just above the McGinley Dynamic 14 day level. This indicator is a smooth version of the traditional Moving Average. Interestingly the relative strength is at a midpoint, which implies neither overbought or oversold. Trading Forex / CFDs is High Risk.