EurUsd- In search for next support

٣ أكتوبر ٢٠٢٣

After reaching the important 1.05 support last week, EurUsd corrected to the upside.
However, this correction was short-lived and, after touching 1.0620 resistance, the pair started to fall again.
Yesterday we also had a drop under 1.05 and at this moment EurUsd is trading at 1.0466.
The trend remains strongly bearish and the road is clear to 1.0360 next support.
As long as the pair is trading under 1.06, sell rallies should be the strategy