EurUsd- New low's looming

٢٩ أغسطس ٢٠٢٢

Last week, EurUsd clearly dropped under parity and reached a low at 0.99.
After this low, we have 3 attempts to reconquer this important figure and all failed badly with Friday's spike leaving a very long-tailed pin bar on our chart.
Both technicals and fundamentals are aligned for a stronger USD and in EurUsd's case I expect a continuation to the downside and a drop to 0.97
I'm strongly bearish as long as 1.01 is intact and selling rallies can be a good strategy

My Previous EurUsd analysis